Addition u/s 68 - receipt was not declared in the ROI and the ...

Unexplained Receipts in Revised Tax Return: Business Income Taxation u/s 68, Not 115BBE.

December 26, 2023

Case Laws Income Tax AT

Addition u/s 68 - receipt was not declared in the ROI and the receipt remain unexplained - taxation of additional income u/s 115BBE - The said income is already offered in the revised return, therefore has to be taxed as income from business, and therefore the provisions of section 115BBE of the Act are not applicable with reference to the said income. - AT

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Addition u/s 68 - receipt was not declared in the ROI and the ...

Unexplained Receipts in Revised Tax Return: Business Income Taxation u/s 68, Not 115BBE.

December 26, 2023

Case Laws Income Tax AT

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