Case Law Analysis
|Income Tax Appellate Tribunal
Section 115BBE IT Act | Prospective Taxation Applies Only from A.Y. 2018-19: ITAT Ahmedabad Upholds Natural Justice in Rectification Dispute
ITAT Ahmedabad rules that the 60% tax rate under Section 115BBE applies prospectively from A.Y. 2018-19, not A.Y. 2017-18, invalidating rectification orders under Section 154 where legal interpretation is debatable. The decision reinforces natural justice principles, protecting assessees from retrospective tax impositions without clear legislative intent.