ITAT Allows Normal Tax Rate on Rs 75 Lakh Survey Surrender, Rejects 60% Section 115BBE Levy:
ITAT directs the AO to tax Rs 75 lakh surrendered during a 2016 survey at the normal rate, holding that the amended 60% rate under Section 115BBE applies from FY 2017-18.
60% Tax Rate Under Section 115BBE Not Applicable to FY 2016-17 Income: ITAT
Saloni Kumari
Sep 11, 2026
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ITAT Allows Normal Tax Rate on Rs 75 Lakh Survey Surrender, Rejects 60% Section 115BBE Levy
ITAT directs the AO to tax Rs 75 lakh surrendered during a 2016 survey at the normal rate, holding that the amended 60% rate under Section 115BBE applies from FY 2017-18.
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Saloni Kumari
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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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