Higher Tax Rate u/s 115BBE not Applicable as per Earlier Rulings for Assessee: ITAT [Read Order]

The tribunal allowed the assessee's appeal, providing relief by ruling that the addition should not be subjected to the higher tax rate under Section 115BBE
By Sneha Sukumaran Mullakkal - On October 17, 2024 3:53 pm - 2 mins read
ITAT - Income Tax - Income Tax Appellate Tribunal - ITAT Surat - TAXSCAN

The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the higher tax rate under Section 115BBE of the Income Tax Act, 1961, was not applicable to the assessee, for Assessment Year (AY)2017-18. Dhirajlal Bhagwanbhai Talaviya,the appellant-assessee,filed his return of income for AY 2017-18 on March 14, 2018, declaring ₹5,40,630. His case…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader