Taxation of surrendered income - taxability u/s 115BBE - the ...

Income Tax

March 6, 2020

Taxation of surrendered income - taxability u/s 115BBE - the assessee had given complete explanation regarding the source of entries recorded in the diary, which were explained to be part of unrecorded sales and the AO also did not object to the said explanation. Therefore, addition cannot be made u/s 69A - and if the addition cannot be made u/s 69A, the provisions of section 115BBE will not be applicable. - AT

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Taxation of surrendered income - taxability u/s 115BBE - the ...

Income Tax

March 6, 2020

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