LATE. SH. GURMAIL SINGH.S/O. LATE SH. LAL SINGH,SRI MUKTSAR vs. DY. COMMISSIONER OF INCOME TAX CIRCLE -II, BATHINDA
Appeals are disposed of in the terms and observation made as above
ITA 57/ASR/2019[2012-13]Status: DisposedITAT Amritsar25 May 2023AY 2012-13
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. Parikshit Aggarwal, CAFor Respondent: Sh. S. R. Kaushik, CIT-DR
Section 147Section 148Section 151(2)Section 250(6)Section 282Section 69A
68 r.w.s. 115 BBE but taxed it at same rate of 30% as was paid by the assessee under the Head other sources. The higher tax rate of 60% u/s 115BBE was introduced from AY 2017-18. On this exercise carried out by the Ld. AO of replacement of head of income, he imposed penalty for “furnishing of inaccurate particulars
