| Question And Answer | |
|---|---|
| Subject: | Section 115BBE |
| Category: | Income-Tax |
| Querist: | BS |
| Answered by: | Research Team |
| Tags: | Section 115BBE, specified income, survey |
| Date: | November 20, 2021 |
Does provision of section 115BBE apply to income declared during survey for current year only?
It depends on facts of the case . If the assessee discloses the income and pays the tax ae per returned income and income return and assessed is the same , the Assessing officer can not levy the penalty . If the assessing Officer the changes the head of income from business to other heads , whether the penalty is leviable or not a debatable issue .
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