Section 115BBE ONE OF THE MOST DANGEROUS SECTION OF THE IT ACT.

My story belongs to Sec 115BBE one of the most dangerous section of the Income Tax Act 1961, and my story belongs to Appeal to Income Tax Applleate Tribunal against an order of CIT appeals.

Actually one of My case lying with an ITO regarding Cash on Demonitisation.
QUESTION NO 1) Should i proceed to ITAT against an order of CIT APPEALS for vacate of any demand arising under section 115BBE or not for a cash on demonitisation case and why ?
QUESTION NO 2) Should i move to CIT APPEALS AGAINST AN ORDER OF ITO for charging of penalty with tax under sec 115BBE during a Cash on demonitisarion case ? or Should i pay the whole amount of tax with fine which an ITO demands with penalty as tax on regular assessment and Why ?
QUESTION NO 3) What is the latest update of Sec 115BBE ?
QUESTION NO 4) Is there any probability of Special Audit during a cash on demonitisation case lying with CIT APPEALS and why ?
QUESTION NO 5 ) Is there any probability of relief of tax, if i move to CIT APPEALS OR EVEN to ITAT for vacate any demand arising out of Cash on demonitisation case Sec 115BBE ?

Disclaimer :- Only A qualified CA & CMA can answer to this query ( based on his/her practical approach ).

Regards

Äratuskell oli mul sellel hommikul pandud kella viieks, kuid selle abi ma ei vajanudki. Kerge ärevus ja põnevus eelseisva hommiku osas oli teinud oma töö – ärkasin kellata. Mul oli plaan minna varahommikusele metsatiirule ja sellel hommikul lootsin kohata just karu! Kuidagi tunne oli selline, et vot nüüd on küll õige aeg! Eks oma osa […]

Peipsiveere looduskaitseala, Peipsiveere Nature Reserve, Estonia

Laupäeval tegin perega väikese tiiru looduses. See kujunes 100km pikkuseks. Ühte järjekordsesse oma paika jõudes mainisin, et siin võib kohata nirki. Haarasin kaasa vaid binokli, jättes oma “rasketehnika” taaskord autosse. Plaan oli teha seal vaid väike, kümne minutiline jalutuskäik, kus kogu aja oleks auto nähtaval olnud. Muidu ma niimoodi tehnikat ikka autosse ei jäta. Viiekesi […]

As thousands of festivals across the planet are cancelled because of the coronavirus pandemic, Mathieu Jaton from the Montreux Jazz Festival and British comedian Mark Watson, who’s organising a 24-hour online comedy festival, speak to Eve Jackson about the financial, cultural and societal implications of a summer without cultural gatherings.

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Please accept this as an apology, of sorts.

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"I have a simple philosophy. Fill what's empty. Empty what's full. And scratch where it itches."

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