Taxation of newly set up domestic companies: amendment broadens Chapter-level applicability and applies retrospectively to assessment years. Section 115BA is amended to substitute the limited reference to sections 111A and 112 with a reference to 'other provisions of this Chapter,' making the concessional tax option for certain newly set up domestic companies subject to all other Chapter provisions. The amendment operates retrospectively from 1 April 2017 and applies to the assessment year 2017-2018 and subsequent years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Taxation of newly set up domestic companies: amendment broadens Chapter-level applicability and applies retrospectively to assessment years.
Section 115BA is amended to substitute the limited reference to sections 111A and 112 with a reference to "other provisions of this Chapter," making the concessional tax option for certain newly set up domestic companies subject to all other Chapter provisions. The amendment operates retrospectively from 1 April 2017 and applies to the assessment year 2017-2018 and subsequent years.
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