Section 115BAB Concessional Tax Cannot Be Denied in Subsequent Year Once Validly Exercised: ITAT Delhi

Ferranza Electric Vehicle Pvt. Ltd Vs DCIT (ITAT Delhi)

ITAT Delhi – Sec 115BAB Concessional Tax Cannot Be Denied in Subsequent Year Once Validly Exercised; CPC Adjustment Set Aside

In Ferranza Electric Vehicle Pvt. Ltd. vs DCIT (AY 2023-24), the ITAT Delhi allowed the assessee’s appeal and held that concessional tax benefit u/s 115BAB cannot be denied on technical grounds where the option had already been validly exercised in an earlier year. The CPC denied the benef

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