Revision u/s 263 - taxability of income surrendered in the ...

Section 263 Revision Overruled: Press Release Doesn't Limit Broad Scope of Section 115BBE on Surrendered Income Taxability.

September 29, 2023

Case Laws Income Tax AT

Revision u/s 263 - taxability of income surrendered in the course of survey prescribed u/s 115BBE - The press release does not in any manner reads down the substituted provisions of S. 115BBE which are far wider in its scope and ambit. The salutary principles of charging Section 4 discussed in para 13 above would apply mutatis mutandis. - Twin conditions of Section 263 are not simultaneously satisfied - Revision order set aside - AT

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Revision u/s 263 - taxability of income surrendered in the ...

Section 263 Revision Overruled: Press Release Doesn't Limit Broad Scope of Section 115BBE on Surrendered Income Taxability.

September 29, 2023

Case Laws Income Tax AT

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