assessee.
3. Amendment to the effect that the sub-section (2) of section 115BBE
so as to provide that the set off of any loss ... same is not taxable under any of the
section referred above and accordingly section 115BBE has no
application in case.
20. Furthermore, the memorandum
covered as
per the provisions of section 68 , 69 , 69A , 69B , 69C and 69D read
with section 115BBE of the Act. I t was submitted ... ment of
inco me as accrued under section 69A inv ites the
consequences of sec tion 115BBE and surcharge
prov ided under section
includes any income referred to in Section 68 , Section 69 .
Section 69A , Section 69B , Section 69C or Section 69D (specified income) and
such income ... section 68, section 69, section 69A, section
69B, section 69C or section 69D and reflected in the return of income furnished
under section
includes
any income referred to in section 68 , section 69 , section 69A ,
section 69B , section 69C or section 69D , the income-tax payable
shall ... section 68 , section 69 ,
section 69A , section 69B , section 69C or section 69D and
reflected in the return of income furnished under section
Section 68 , Section 69 ,
Section 69A , 69B , 69C & 69D of the Act and (ii) whether such
unexplained/undisclosed income referred in Section 68 , Section ... appearing in Section 115BBE of the Act
i.e. Section Section 68 , Section 69 , Section 69A , 69B , 69C & 69D of
the Act they
amounts are deemed as income under section 68 ,
section 69 , section 69A , section 69B , section 69C and section
69D of the Act and are subject ... section 68 , section 69 , section 69A , section 69B , section 69C or
section 69D , at the rate of 30% is clear. The amendment in
section 115BBE
income relating to section 68 or section 69 or section
69A or section 69B or section 69C or section 69D is taxable at the
rate ... income
under the sections 68 or section 69 or section 69A or section
69B or section 69C or section 69D .
46.3 Applicability: This amendment takes
referred to in section 68 or section 69 or section 69A or section 69B or
section 69C or section 69D .
115BBE. (1) Where the total ... includes any income,
referred to in section 68 , section 69 , section 69A , section 69B , section 69C or section 69D , the
income-tax payable shall
survey
u/s 133A to be taxed as deemed income u/s 69 and taxed as per provisions of
Section 115BBE ."
2. Briefly ... survey team and thus,
the deeming provisions of section 69 and 69A r/w section 115BBE are not
attracted in the instant case
assessee as deemed income u/s 69 and
bringing the same to tax under the amended section 115BBE deserve to be set
aside and necessary ... survey team and thus,
the deeming provisions of section 69 and 69A r/w section 115BBE are not
attracted in the instant case
