https://www.taxtmi.com/highlights?id=73397 Treatment to income Declared under IDS-2016 - undisclosed income U/s. 68 r.w.s 115BBE OR capital gains - Merely because the assessee failed to discharge the tax liability under IDS-2016 as declared cannot change the character of the income under which it was declared under the IDS-2016. - Thus the income of the assessee shall be taxed as capital gains - To be taxed accordingly - AT en-us Tue, 05 Dec 2023 07:36:36 +0530 Tue, 05 Dec 2023 15:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73397 Treatment to income Declared under IDS-2016 - undisclosed income U/s. 68 r.w.s 115BBE OR capital gains - Merely because the assessee failed to discharge the tax liability under IDS-2016 as declared cannot change the character of the income under which it was declared under the IDS-2016. - Thus the income of the assessee shall be taxed as capital gains - To be taxed accordingly - AT Highlights Income Tax Tue, 05 Dec 2023 07:36:36 +0530 https://www.taxtmi.com/highlights?id=73397