https://www.taxtmi.com/caselaws?id=444624 The Tribunal upheld the decision of the ld. CIT(A) to apply a 30% tax rate on the appellant's total income, rejecting the appellant's claim for a 25% rate. The appellant argued that their turnover was below 50 crores for the financial year 2017-18, but the Tribunal found the turnover exceeded 50 crores based on forms 3CA and 3CD for AY 2018-19. The Tribunal concluded that there was no apparent error for rectification under section 154, affirming the rectification order by the Assessing Officer and rejecting the appeal. en-us Tue, 17 Oct 2023 00:00:00 +0530 Thu, 19 Oct 2023 09:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444624 The Tribunal upheld the decision of the ld. CIT(A) to apply a 30% tax rate on the appellant's total income, rejecting the appellant's claim for a 25% rate. The appellant argued that their turnover was below 50 crores for the financial year 2017-18, but the Tribunal found the turnover exceeded 50 crores based on forms 3CA and 3CD for AY 2018-19. The Tribunal concluded that there was no apparent error for rectification under section 154, affirming the rectification order by the Assessing Officer and rejecting the appeal. Case-Laws Income Tax Tue, 17 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444624