| Question And Answer | |
|---|---|
| Subject: | Section 115BBE of Income tax Act, 1961 |
| Category: | Income-Tax |
| Querist: | Goutham |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Section 115BBE |
| Date: | June 15, 2024 |
- Section 115BBE (1) in both sub clauses (a) & (b) of the act, use the word if the total income ‘includes’ any income referred to in section 68, section 69, section 69A, section 69B, section 69C or section 69D
- Therefore, is it a pre-condition that section 115BBE would apply only when an assessee has total income which includes both regular income and specified income ??
- IF the only income of appellant is specified income and if that Specified Income (i.eUnexplained Investment u/s 69) is Only Rs 1,00,000/- and regular income is NIL whether section 115BBE working be applied ?
- For calculation of tax between (i) and (ii) of Section 115BBE the word ‘and’ is used meaning thereby that the existence of both (i) and (ii) are necessary for calculating the tax liability under the Act.
- Can you help us to provide more insight on the above issue and provide us with Case laws or Case Judgements in favour of assessee.
- Thank You, Awaiting for an early response
Reply of the Expert is awaited. Please check back later
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