Revision u/s 263 by CIT - Addition u/s 68 r.w.s 115BE - Nothing ...

Case Laws Income Tax

March 18, 2023

Revision u/s 263 by CIT - Addition u/s 68 r.w.s 115BE - Nothing stated in the pre-amended or post amended provisions of section 115BBE that where the assessee surrenders undisclosed income during search action for the relevant year, the tax rate has to be charged as per provisions of section 115BBE - the applicability of the amended provisions which prompted the PCIT to assume jurisdiction under section 263 is highly debatable issue - Revision order quashed - AT

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Revision u/s 263 by CIT - Addition u/s 68 r.w.s 115BE - Nothing ...

Case Laws Income Tax

March 18, 2023

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