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Income Tax - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Applicability of Higher Rate of Tax u/s 115BBE - the amount ...

Income Tax

November 9, 2023

Applicability of Higher Rate of Tax u/s 115BBE - the amount surrendered during survey was duly reflected in the books of account and the source it was declared/explained as business activity with due payment of Tax liability and the authorities below failed to prove the contrary to disprove source of income other than Business income - To be taxed at Normal Provision of tax rates - AT

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