https://www.taxtmi.com/caselaws?id=760255 The ITAT Mumbai ruled in favor of the assessee, overturning the order of the Ld. CIT for AY 2018-19. The AO was instructed to apply a 25% income tax rate, not 30%, as the assessee's turnover was below Rs. 50 crores, with separate tax accounts maintained per guidance notes. en-us Tue, 27 Aug 2024 00:00:00 +0530 Fri, 18 Oct 2024 09:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760255 The ITAT Mumbai ruled in favor of the assessee, overturning the order of the Ld. CIT for AY 2018-19. The AO was instructed to apply a 25% income tax rate, not 30%, as the assessee's turnover was below Rs. 50 crores, with separate tax accounts maintained per guidance notes. Case-Laws Income Tax Tue, 27 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760255