75-Year-Old Agriculturist Gets Relief as ITAT Rejects Retrospective 60% Tax Rate on Rs 11.86 Lakh Unexplained Cash Deposits:
ITAT holds that the enhanced 60% tax rate under Section 115BBE cannot apply to unexplained income relating to FY 2016-17 and directs recalculation at 30%.
ITAT Directs AO to Recompute Tax Liability Using Applicable 30% Rate
Saloni Kumari
Aug 29, 2026
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75-Year-Old Agriculturist Gets Relief as ITAT Rejects Retrospective 60% Tax Rate on Rs 11.86 Lakh Unexplained Cash Deposits
ITAT holds that the enhanced 60% tax rate under Section 115BBE cannot apply to unexplained income relating to FY 2016-17 and directs recalculation at 30%.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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