Income Tax | Demonetisation Cash Cannot Face a Later 60% Rate: ITAT Restricts Section 115BBE Tax to 30%

ITAT Hyderabad holds 60% tax under Section 115BBE cannot apply to FY 2016-17 cash deposits; directs AO to recompute tax at 30%. The post Demonetisation Cash Cannot Face a Later 60% Rate: ITAT Restricts Section 115BBE Tax to 30% appeared first on TaxGuru .