Undisclosed Business Income not taxable under Section 115BBE r.w. Section 68 & 69

Shri Bhuwan Goyal Vs DCIT (ITAT Chandigarh)

Landmark Chandigarh ITAT order on Section 115BBE on  investment made out of undisclosed business income held not to fall in Section 69 & 115BBE (AY 17-18).

In the present case it is not in dispute that the assessee surrenderd the income of Rs. 3.64 Crores in the statement recorded under section 132(4) of the Act the said surrender was made on the basis of the entries in the pocket diary

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