https://www.taxtmi.com/highlights?id=73384 Categorization of income - Undisclosed income surrendered during survey - Charging of tax rate u/s. 115BBE - CIT(A) granted relief to the assessee by charging income at normal rate of tax - We cannot subscribe to the view expressed by the CIT(A), since the AO has accepted the income offered by the assessee comes under the head ‘Income from Other Sources’ and offered higher rate of tax on the said income, therefore, there was no occasion for the AO to go into the integrities of the books of accounts to make them liable to be rejected. - AT en-us Mon, 04 Dec 2023 10:31:41 +0530 Mon, 04 Dec 2023 10:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73384 Categorization of income - Undisclosed income surrendered during survey - Charging of tax rate u/s. 115BBE - CIT(A) granted relief to the assessee by charging income at normal rate of tax - We cannot subscribe to the view expressed by the CIT(A), since the AO has accepted the income offered by the assessee comes under the head ‘Income from Other Sources’ and offered higher rate of tax on the said income, therefore, there was no occasion for the AO to go into the integrities of the books of accounts to make them liable to be rejected. - AT Highlights Income Tax Mon, 04 Dec 2023 10:31:41 +0530 https://www.taxtmi.com/highlights?id=73384