Treatment of income surrendered during the survey - income subject to special rate of tax OR Business...

Treatment of income surrendered during the survey - income subject to special rate of tax OR Business income - provisions of section 115BBE without allowing set off of expenses or any allowance or set off of losses of earlier year, w.e.f. 1.4.2017 is in prospective in nature and not applicable to earlier years - in present case, the surrender had been made on account of undisclosed debtors hence will be treated as business income .....

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