Section 115BE Addition: Madras HC Sets Aside Non-Speaking NFAC Order

Sohan Raj Khanted Guvanthraj Vs CIT (Appeals) (Madras High Court)

Introduction: The Madras High Court, in a significant decision, has set aside an appellate order dated 11.10.2023, wherein the Commissioner of Income Tax (Appeals) rejected the appeal filed by Sohan Raj Khanted Guvanthraj. The case revolves around the inclusion of Rs.23 Crores as income under Section 68 of the Income Tax Act, 1961, proposed to be taxed under Section 115BBE.

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