https://www.taxtmi.com/caselaws?id=434124 The Tribunal dismissed the Revenue's appeal, affirming that the surrendered income was classified as business income and not subject to the amended provisions of Section 115BBE. The Tribunal emphasized the prospective nature of the amendment and the AO's acceptance of the returned income without additions under Sections 69A or 69B. The decision was based on factual evidence and established judicial precedents, ensuring the assessee was taxed at normal rates applicable to business income. en-us Fri, 10 Feb 2023 00:00:00 +0530 Fri, 17 Feb 2023 09:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434124 The Tribunal dismissed the Revenue's appeal, affirming that the surrendered income was classified as business income and not subject to the amended provisions of Section 115BBE. The Tribunal emphasized the prospective nature of the amendment and the AO's acceptance of the returned income without additions under Sections 69A or 69B. The decision was based on factual evidence and established judicial precedents, ensuring the assessee was taxed at normal rates applicable to business income. Case-Laws Income Tax Fri, 10 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434124