https://www.taxtmi.com/caselaws?id=438197 The Tribunal partly allowed the appeal by upholding the addition of Rs. 5,00,000 under Section 69A of the Income Tax Act. However, the higher tax rate specified in Section 115BBE was not applied retrospectively, directing the Assessing Officer to tax the addition at the normal rate applicable before the amendment. en-us Mon, 22 May 2023 00:00:00 +0530 Thu, 25 May 2023 09:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438197 The Tribunal partly allowed the appeal by upholding the addition of Rs. 5,00,000 under Section 69A of the Income Tax Act. However, the higher tax rate specified in Section 115BBE was not applied retrospectively, directing the Assessing Officer to tax the addition at the normal rate applicable before the amendment. Case-Laws Income Tax Mon, 22 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438197