PRADEEP SHARMA,SAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, KATNI

The appeal of the assessee is partly allowed

Bench: Shri Anadee Nath Misshra

68 , section 69, section 69A , section 69B , section 69C or section 69D, at the rate of thirty per cent; and (b) the amount of income-tax with which the assessee would have been chargeable had his total income been reduced by the amount of income referred to in clause (a).” 10. The provisions of section 115BBE thus provides that where

SHRI AMIT TIWARI,INDORE vs. THE DCIT (CENTRAL)-2, INDORE

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year:2015-16

penalty under section 271AAB of the Income-Tax Act, 1961 until and unless income so disclosed by the assessee falls in the definition of ‘undisclosed income’ defined in Explanation to section 271AAB of the Income-Tax Act, 1961. 2.4.1] The appellant accepted additional income to the tune of Rs. 68