Applicability of section 115bbe

Sonam Khandelwal (Chartered Accountant) (29 Points)

15 June 2018  

An assessment of the client has been done as a protective assessment by AO, he has made an addition U/s 68 & 69.

Now AO wants to rectify his order U/s 154 by applying section 115BBE on unexplained money instead of section 68/69.

The matter is in Appeal, but decision has not been made is this rectification possible.