https://www.taxtmi.com/article/detailed?id=12573 The Supreme Court observed that Section 115BBE is prospective in operation and therefore does not apply to assessment years prior to its effective date; the provision, inserted by legislative amendment effective from assessment year 2013-14, may be invoked for unexplained income additions arising from unrecorded or confiscated assets going forward but not retrospectively to earlier assessment years. en-us Tue, 30 Apr 2024 09:25:56 +0530 Tue, 30 Apr 2024 09:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12573 The Supreme Court observed that Section 115BBE is prospective in operation and therefore does not apply to assessment years prior to its effective date; the provision, inserted by legislative amendment effective from assessment year 2013-14, may be invoked for unexplained income additions arising from unrecorded or confiscated assets going forward but not retrospectively to earlier assessment years. Articles Income Tax Tue, 30 Apr 2024 09:25:56 +0530 https://www.taxtmi.com/article/detailed?id=12573