Tag: section 115BBE

Applicability of section 115BBE to surrender made during survey is highly debatable. ITAT quashed rectification order imposing higher tax rate ABCAUS Case Law Citation: ABCAUS 2950 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Shri Lovish Singhal, Sriganganagar & Ors. Vs. ITO CIT v/s Bajargan …

No 200 percent Penalty if income declared us 115BBE and 75% of tax and surcharge is paid before the end of the previous year as per post demonetization amendments in Income Tax Penal Provisions. Finance Minister has today introduced Taxation Laws (Second Amendment) Bill 2016 in Lok Sabha …