Sections 115BBE not applicable to Income not falling under section 69A  

DCIT Vs Tapesh Tyagi (ITAT Delhi) In a recent appeal, the Income Tax Appellate Tribunal (ITAT) Delhi ruled on a case involving the Deputy Commissioner of Income Tax (DCIT) and Mr. Tapesh Tyagi. The dispute primarily revolved around the applicability of the special tax rate under Section 115BBE of the Income Tax Act, 1961. The ITAT’s decision, rendered on October 27, 2023, provides insights into the interpretation of tax provisions and the treatment of surrendered income during a search and seizure operation. Background: Mr. Tapesh Tyagi, a resident individual, underwent a search and seiz...