Rectification of mistake u/s 154 - tax rate on surrendered ...

Tax Rate Hike on Surrendered Income from 30% to 60% Not Rectifiable Under IT Act Section 154.

October 14, 2020

Case Laws Income Tax AT

Rectification of mistake u/s 154 - tax rate on surrendered income u/s 115BBE - the action of the Assessing officer in rectifying and increasing the rate of taxation from 30% to 60% and surcharge and cess on such undisclosed income doesn’t come within the purview of section 154 of the Act. - AT

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Rectification of mistake u/s 154 - tax rate on surrendered ...

Tax Rate Hike on Surrendered Income from 30% to 60% Not Rectifiable Under IT Act Section 154.

October 14, 2020

Case Laws Income Tax AT

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