ITAT Allows Section 115BAB Tax Rate After CPC’s Wrong Denial of Manufacturer Status

Sidhe Petrochemicals (P.) Ltd. Vs DDIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi Bench, delivered a significant ruling in the case of Sidhe Petrochemicals (P.) Ltd. Vs DDIT (Deputy Director of Income Tax), allowing the assessee to claim the concessional tax rate under Section 115BAB of the Income Tax Act, 1961. The Tribunal’s decision centered on the principle of departmental consistency, noting that a subsequent detailed scrutiny assessment by the same tax department had already recognized the assessee as a manufacturer. The Issue of Manufacturer Status The dispute ar...