scales and
other service conditions could be read only into Section 69A . Section 69B
only conferred consequential or ancillary powers and after removal of
Section ... powers exercisable under Section 69A .
He, therefore, adds that in the wake of deletion of Section 69A , Section
69B cannot stand independently and must
notice to the
petitioner by initiating the proceedings under Section 50 read
with Section 69B of the Karnataka Hindu Religious Institutions
and Charitable Endowments ... dissatisfied with the show-
cause notice issued under Section 50 read with Section 69B of
the Act, 1997, petitioner has presented this petition
Madhya Pradesh High Court as under-
Headnote:-
Section 69B of the Income-tax Act, 1961 Undisclosed investments (Stock) -
Assessment year 2005-06 Assessee was engaged ... sections, there cannot be any dispute regarding the
applicability of section 155BBE of the Act. These sections 68 / 69 / 69A etc. along
with section 115BBE
provision of 44AF of IT Act. Therefore, the provision of
Sec 69B of the Act are not at all applicable. Maintenance of Books of
Accounts ... declaring income u/s 44AF . Therefore, the Assessee is out of the scope of
applicability of the provision of sec 69B
provision of 44AF of IT Act. Therefore, the provision of
Sec 69B of the Act are not at all applicable. Maintenance of Books of
Accounts ... declaring income u/s 44AF . Therefore, the Assessee is out of the scope of
applicability of the provision of sec 69B
deleting the protective addition of Rs.4,87,56,700/- made u/s 69B of
the I.T. Act without deciding the case where ... been taxed in the year under consideration invoking section 69B of
the Act. The learned AO relied upon page 73 of A-23, as seized
deleting the protective addition of Rs.4,87,56,700/- made u/s 69B of
the I.T. Act without deciding the case where ... been taxed in the year under consideration invoking section 69B of
the Act. The learned AO relied upon page 73 of A-23, as seized
deleting the protective addition of Rs.4,87,56,700/- made u/s 69B of
the I.T. Act without deciding the case where ... been taxed in the year under consideration invoking section 69B of
the Act. The learned AO relied upon page 73 of A-23, as seized
assessee includes any income
referred to in section 68 , section 69 , section 69A , section 69B , section 69C or
section 69D , the income-tax payable shall ... calculated on the income referred to in
section 68 , section 69 , section 69A , section 69B , section 69C or section
69D , at the rate of thirty
deleting the tax calculated
on special rates as per provisions of section 69B r.w.s.115BBE of
the I.T. Act on declaration made ... unexplained u/s 68
to 69D , which may kindly be dropped. This act is against natural
justice and hence provisions of section 69B may kindly
