Amendment to section 115BBE cannot be applied to search conducted prior to effective date

Samir Shantilal Mehta Vs ACIT (ITAT Surat) ITAT Surat held that provision of section 115BBE of the Income Tax Act as amended vide Taxation Laws (Second Amendment) Bill 2016 which is effective from 01.04.2017 cannot be applied to search conducted prior to the effective date. Facts- The solitary grievance of the assessee, Samir Shantilal Mehta, in this appeal was that whether provisions of section 115BBE of the Income Tax Act would be applicable to tax the unexplained money being undisclosed gold, Jewellery found during the course of search, when the date of search is 16.08.2016. Conclusion- We ...