Income Tax - Applicability of higher rate of tax as per section 115BBE -...

Income Tax

Applicability of higher rate of tax as per section 115BBE - income declared during the course of survey proceedings - Admittedly, the assessee had offered such additional income under the head “income from business” and the Assessing Officer also assessed the same under the head “income from business”. Thus, it cannot be said that the source for additional income remains unexplained. - provisions of section 115BBE have no application - AT

 

 

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