https://www.taxtmi.com/caselaws?id=465473 Whether additional income voluntarily admitted during search, absent incriminating material, could be taxed at the special rate under s.115BBE treating it as deemed income u/s 69A was decided by holding that a disclosure made merely to "buy peace" cannot, without supporting seized material, justify s.115BBE; the admitted sum was taxable only under normal provisions, and the assessment was directed to tax ?24 lakhs at normal rates. Whether s.69B r.w.s.115BBE could be applied to the entire admitted amount was decided by holding that only the cash actually found during search constituted material for such deeming; s.115BBE was confined to ?7 lakhs, and the balance ?28 lakhs was directed to be taxed at normal rates. en-us Wed, 30 Aug 2023 00:00:00 +0530 Fri, 26 Dec 2025 19:22:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465473 Whether additional income voluntarily admitted during search, absent incriminating material, could be taxed at the special rate under s.115BBE treating it as deemed income u/s 69A was decided by holding that a disclosure made merely to "buy peace" cannot, without supporting seized material, justify s.115BBE; the admitted sum was taxable only under normal provisions, and the assessment was directed to tax ?24 lakhs at normal rates. Whether s.69B r.w.s.115BBE could be applied to the entire admitted amount was decided by holding that only the cash actually found during search constituted material for such deeming; s.115BBE was confined to ?7 lakhs, and the balance ?28 lakhs was directed to be taxed at normal rates. Case-Laws Income Tax Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465473