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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Chargeability of tax u/s 115BBE - Nature of income declared in ...


Assessing Officer to Re-evaluate Income Classification u/ss 69A, 69C, and 115BBE for Tax Purposes.

April 29, 2023

Case Laws     Income Tax     AT

Chargeability of tax u/s 115BBE - Nature of income declared in survey proceedings u/s. 133A? - Undisclosed income u/s 69A and 69C or Business Income - when the contention of the assessee is that the assessee has no other business then the present business and the income declared is out of the business of the assessee, we are of view that the matter needs to be re-examined at the end of AO. - AT

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