SHRI NARAYAN RAO HEBRI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

The appeal stands dismissed

Bench: S.G.PANDIT,K. V. ARAVIND

69C & 69D of the IT Act and (ii) the Learned Assessing Officer levied tax & surcharge under section 115BBE merely on the basis that the additional income was offered under the head income from other sources'. 4.5. Without prejudice to the above, the Learned Commissioner (Appeals) has erred in upholding the action of the Learned Assessing Officer in levying tax & surcharge