Section 115BBE Not Applicable to Surrendered Income from Excess Stock in Tax Survey, Rules Commissioner of Income Tax (Appeals).

Section 115BBE Not Applicable to Surrendered Income from Excess Stock in Tax Survey, Rules Commissioner of Income Tax (Appeals). https://www.taxtmi.com/highlights?id=70984 Addition u/s 69B - higher rate of tax u/s 115BBE - excess stock surrendered during the course of survey - There is no infirmity in the finding of Ld. CIT(A) rightly holding that the provision of section 115BBE are not applicable on the surrendered income on account of excess stock valuing found during the course of search. - AT en-us Wed, 19 Jul 2023 09:04:20 +0530 Wed, 19 Jul 2023 17:37:56 +0530 TaxTMI RSS Generator Section 115BBE Not Applicable to Surrendered Income from Excess Stock in Tax Survey, Rules Commissioner of Income Tax (Appeals). https://www.taxtmi.com/highlights?id=70984 Addition u/s 69B - higher rate of tax u/s 115BBE - excess stock surrendered during the course of survey - There is no infirmity in the finding of Ld. CIT(A) rightly holding that the provision of section 115BBE are not applicable on the surrendered income on account of excess stock valuing found during the course of search. - AT Highlights Income Tax Wed, 19 Jul 2023 09:04:20 +0530 https://www.taxtmi.com/highlights?id=70984