Higher Tax Rate Imposed on Unexplained Income u/s 115BBE; Standard Rate Applies to Other Additions.

Higher Tax Rate Imposed on Unexplained Income u/s 115BBE; Standard Rate Applies to Other Additions. https://www.taxtmi.com/highlights?id=73205 Deemed income u/s 69/69A/69B r.w.s.115BBE - Higher rate of tax u/s 115BBE confirmed on Excess Found during survey since assessee failed to prove the connection with business - However, on other additions, payment of tax at normal rate confirmed. - AT en-us Fri, 24 Nov 2023 07:42:07 +0530 Fri, 24 Nov 2023 17:31:42 +0530 TaxTMI RSS Generator Higher Tax Rate Imposed on Unexplained Income u/s 115BBE; Standard Rate Applies to Other Additions. https://www.taxtmi.com/highlights?id=73205 Deemed income u/s 69/69A/69B r.w.s.115BBE - Higher rate of tax u/s 115BBE confirmed on Excess Found during survey since assessee failed to prove the connection with business - However, on other additions, payment of tax at normal rate confirmed. - AT Highlights Income Tax Fri, 24 Nov 2023 07:42:07 +0530 https://www.taxtmi.com/highlights?id=73205