Dear Expert
My Client have filed Return of Income declaring regular Income & also Income declared as per survey declaration and have paid tax there on as per regular computation of tax.
The case was also selected under scrutiny and assessed u/s143 (3) with regular rate of tax.
Now the Department have issued Notice u/s 154 proposing to levy 30% rate of tax as per section 115BBE on Income declared as per survey declaration as unexplained Investment as per section 69
Hence whether the proposed action is correct
Kindly advice.
154 only when mistek apprant from record.
not in case of change of view.
hence I think department is wrong.
CAclubindia
