https://www.taxtmi.com/highlights?id=71847 Applicability of higher rate of tax as per section 115BBE - income declared during the course of survey proceedings - Admittedly, the assessee had offered such additional income under the head “income from business” and the Assessing Officer also assessed the same under the head “income from business”. Thus, it cannot be said that the source for additional income remains unexplained. - provisions of section 115BBE have no application - AT en-us Tue, 05 Sep 2023 21:52:09 +0530 Wed, 06 Sep 2023 15:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71847 Applicability of higher rate of tax as per section 115BBE - income declared during the course of survey proceedings - Admittedly, the assessee had offered such additional income under the head “income from business” and the Assessing Officer also assessed the same under the head “income from business”. Thus, it cannot be said that the source for additional income remains unexplained. - provisions of section 115BBE have no application - AT Highlights Income Tax Tue, 05 Sep 2023 21:52:09 +0530 https://www.taxtmi.com/highlights?id=71847