94 results for “reassessment”+ Section 68clear
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In the result, both the appeals filed by the assessee stands allowed
Bench: Shri. Chandra Poojari & Smt. Beena Pillai
section 115BBE stands invoked only in cases amount that is found to be not offered to tax u/s. 68 to 69D of the Act and income that has been declared by assessee in the return of income u/s. 139 will not be attracted with chargeability of high rate of tax u/s. 115BBE. The Ld.AR placed reliance on the decision