https://www.taxtmi.com/caselaws?id=408077 The Tribunal overturned the decision to apply Section 115BBE on a surrendered income of Rs. 15 lacs, ruling that the amount did not fall under specified sections for unexplained income. The surrender was made to address potential discrepancies, not related to unexplained sources. The Tribunal directed the Assessing Officer to compute the income under normal provisions for business income, allowing the assessee's appeal. en-us Mon, 24 May 2021 00:00:00 +0530 Wed, 25 Feb 2026 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408077 The Tribunal overturned the decision to apply Section 115BBE on a surrendered income of Rs. 15 lacs, ruling that the amount did not fall under specified sections for unexplained income. The surrender was made to address potential discrepancies, not related to unexplained sources. The Tribunal directed the Assessing Officer to compute the income under normal provisions for business income, allowing the assessee's appeal. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408077