Income Surrendered During Survey Not Taxable at 60% under Section 115BBE

Yogesh Kumar Vs PCIT (ITAT Delhi)

Introduction: The Income Tax Appellate Tribunal (ITAT) Delhi delivered a significant ruling in the case of Yogesh Kumar vs. PCIT, pertaining to the assessment year 2017-18. The appeal contested the order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961.

Detailed Analysis:

1. Background of the Appeal: Please become a Premium member. If you are already a Premium member, login here to access the full content.