Additional income once accepted cannot be later rectified and taxed as per section 115BBE

Anjanee Vijetha Kasturi Vs ACIT (ITAT Hyderabad)

ITAT Hyderabad held that once additional income offered during survey was simply accepted and assessment order was passed u/s 143(3) of the Income Tax Act without invoking provisions of section 115BBE. Then, provisions of section 115BBE cannot be invoked via rectification as per section 154.

Facts- Assessee is an individual, earning income from salary and other sources. There was a survey in the business premises of the assessee on 19/02/2015. At that t

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