Provisions of section 115BBE not attracted when source of income proved

Advertisement ACIT Vs Devender Rao Gourkanti (ITAT Hyderabad) Provisions of section 115BBE not attracted when source of income proved ITAT Hyderabad held that the provisions of section 115BBE of the Income Tax Act are applicable only when the source of income is not disclosed or source of expenditure is not disclosed. Here, as it is proved that unexplained income earned in from real-estate business, provision of section 115BBE. Facts- The assessee is an individual and partner in M/s. Yashoda Heathcare Services Pvt.Ltd and derives partner’s remuneration and interest on capital. He filed hi...