https://www.taxtmi.com/highlights?id=74260 The income surrendered during the course of survey cannot be brought to tax under the deeming provisions of section 69 of the Act and the same has to be assessed to tax under the head “business income”. In absence of deeming provisions, the question of application of section 115BBE doesn’t arise and normal tax rate shall apply. - AT en-us Thu, 18 Jan 2024 08:59:54 +0530 Thu, 18 Jan 2024 08:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74260 The income surrendered during the course of survey cannot be brought to tax under the deeming provisions of section 69 of the Act and the same has to be assessed to tax under the head “business income”. In absence of deeming provisions, the question of application of section 115BBE doesn’t arise and normal tax rate shall apply. - AT Highlights Income Tax Thu, 18 Jan 2024 08:59:54 +0530 https://www.taxtmi.com/highlights?id=74260