Addition u/s 69A - on-money in respect of 100% of unit is ...

Assessing Officer Corrected: Income Taxed at Normal Rate Instead of Higher Rate Due to Explained Income Source.

December 29, 2023

Case Laws Income Tax AT

Addition u/s 69A - on-money in respect of 100% of unit is brought on record - taxability at higher rate of tax u/s 115BBE - no such provision was invoked by Assessing Officer while making addition in the assessment order - further, since source of income has been explained, AO directed to tax the same at normal rate - AT

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Addition u/s 69A - on-money in respect of 100% of unit is ...

Assessing Officer Corrected: Income Taxed at Normal Rate Instead of Higher Rate Due to Explained Income Source.

December 29, 2023

Case Laws Income Tax AT

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