75-Year-Old Agriculturist Gets Relief as ITAT Rejects Retrospective… — Studycafe — TG.ME

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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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August 29, 2026 126