Applicability of higher rate of tax as per section 115BBE - ...

Higher Tax Rate u/s 115BBE Not Applicable to Declared Business Income in Survey Proceedings.

September 5, 2023

Case Laws Income Tax AT

Applicability of higher rate of tax as per section 115BBE - income declared during the course of survey proceedings - Admittedly, the assessee had offered such additional income under the head “income from business” and the Assessing Officer also assessed the same under the head “income from business”. Thus, it cannot be said that the source for additional income remains unexplained. - provisions of section 115BBE have no application - AT

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Applicability of higher rate of tax as per section 115BBE - ...

Higher Tax Rate u/s 115BBE Not Applicable to Declared Business Income in Survey Proceedings.

September 5, 2023

Case Laws Income Tax AT

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