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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - receipt was not declared in the ROI and the ...

Income Tax

December 26, 2023

Addition u/s 68 - receipt was not declared in the ROI and the receipt remain unexplained - taxation of additional income u/s 115BBE - The said income is already offered in the revised return, therefore has to be taxed as income from business, and therefore the provisions of section 115BBE of the Act are not applicable with reference to the said income. - AT

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