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Income Tax - Highlights / Catch Notes

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Addition u/s 69A r.w.s. 115BBE - unexplained jewellery fround in ...

Case Laws     Income Tax

February 16, 2023

Addition u/s 69A r.w.s. 115BBE - unexplained jewellery fround in search proceddings - It is a fact on record that the income earned has been undisclosed and has been unearthed only due to the action u/s 132 and the jewellery is only application of such undisclosed income. - Hence, the provisions of Section 115BBE(1)(a) are equally applicable - AT

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