Section 115BBE applicability limited from 01.04.2017; income had to be computed under normal provisions for the year in question.

Section 115BBE was held applicable only from 01.04.2017, so it could not govern the assessment year in question in the manner adopted by the lower authorities. The income was therefore required to be computed under the normal provisions, and the assessee succeeded on the applicability issue.

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Issues: Whether the assessment could be finalized under section 115BBE of the Income-tax Act, 1961 for assessment year 2017-18, and whether the computation had to be made under the normal provisions instead.

Analysis: Section 115BBE was held to apply only from 01.04.2017. Since the appeal related to assessment year 2017-18, the assessment year did not attract computation under section 115BBE in the manner adopted by the lower authorities. The consequential computation was therefore required to be made under the normal provisions.

Conclusion: The assessee succeeded on the issue of applicability of section 115BBE, and the Assessing Officer was directed to compute the income under the normal provisions.

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