60% Section 115BBE Tax Not Applicable to Income Surrendered Before Notification

Yashudev Enterprises Vs DCIT (ITAT Chandigarh)

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, delivered a significant ruling in the case of Yashudev Enterprises vs. Deputy Commissioner of Income Tax (DCIT) for the Assessment Year (AY) 2017-18, concerning the applicability of the enhanced tax rate under Section 115BBE of the Income Tax Act, 1961. The dispute centred on whether additional income surrendered by the assessee during a search operation was subject to the normal corporate tax rate or the much higher rate of 60% prescribed by

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