Tag: Option u/s 115BAA

No express bar to opt other tax rate when tax rate u/s 115BAA was opted – ITAT In a recent judgment, ITAT Mumbai has held that there is no express bar on the assessee to opt for tax rate under other provision when it had opted tax rate …

Benefit of concessional rate of tax u/s 115BAA can not be denied on the premise that assessee has to file Form No. 10IC for each assessment year ABCAUS Case Law Citation:ABCAUS 3807 (2023) (09) ITAT In the instant case, the assessee had challenged the order passed by the …

CBDT clarifications of option exercised u/s 115BAA on allowability of brought forward loss of additional depreciation MAT credit  CBDT clarifications of option exercised u/s 115BAA Circular No. 29/2019 F, No. 142120/2019-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi Dated: 2nd of October, 2019 …