https://www.taxtmi.com/highlights?id=84181 Assessee exercised option u/s 115BAA to compute tax liability at lower rate. CPC accepted option for AY 2020-21 but for current year, rectified under s.154 without opportunity to assessee and computed tax at normal rate instead of s.115BAA rate. ITAT held rectification order invalid as assessee didn't violate any provision for s.115BAA. Grounds 1-4 allowed. On TDS issue, ITAT upheld CIT(A)/NFAC order restoring matter to AO for verification, dismissing assessee's ground. en-us Fri, 20 Dec 2024 08:48:58 +0530 Fri, 20 Dec 2024 08:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84181 Assessee exercised option u/s 115BAA to compute tax liability at lower rate. CPC accepted option for AY 2020-21 but for current year, rectified under s.154 without opportunity to assessee and computed tax at normal rate instead of s.115BAA rate. ITAT held rectification order invalid as assessee didn't violate any provision for s.115BAA. Grounds 1-4 allowed. On TDS issue, ITAT upheld CIT(A)/NFAC order restoring matter to AO for verification, dismissing assessee's ground. Highlights Income Tax Fri, 20 Dec 2024 08:48:58 +0530 https://www.taxtmi.com/highlights?id=84181