Applicability of special tax rate u/s 115BBE - income ...

Income Surrendered in Search Not Subject to Higher Tax Rate u/s 115BBE if Not u/s 69A.

November 8, 2023

Case Laws Income Tax AT

Applicability of special tax rate u/s 115BBE - income surrendered in search and seizure operation u/s 132 and offered in the return of income - Admittedly, assessee has not offered the income u/s 69A - Even, AO has not made any separate addition under Section 69A - He has merely re-characterized the nature of income offered by the assessee. - Higher Rate of Tax u/s 115BBE would not be applicable - AT

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Applicability of special tax rate u/s 115BBE - income ...

Income Surrendered in Search Not Subject to Higher Tax Rate u/s 115BBE if Not u/s 69A.

November 8, 2023

Case Laws Income Tax AT

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