Higher rate of tax under Section 115BBE apply to AY 2017 -18

Maruthi Babu Rao Jadav Vs ACIT (Kerala High Court)

The writ petition sought for a declaration that the amendments made by the Taxation Laws (Second Amendment) Act, 2016, to Section 115BBE of the Income Tax Act, 1961 enhancing the rate of income tax, for specified incomes which are unexplained, to 60% and the surcharge provided in the Finance Act,

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