The income surrendered during the course of survey cannot be ...

Case Laws Income Tax

January 18, 2024

The income surrendered during the course of survey cannot be brought to tax under the deeming provisions of section 69 of the Act and the same has to be assessed to tax under the head “business income”. In absence of deeming provisions, the question of application of section 115BBE doesn’t arise and normal tax rate shall apply. - AT

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The income surrendered during the course of survey cannot be ...

Case Laws Income Tax

January 18, 2024

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