https://www.taxtmi.com/caselaws?id=773814 The ITAT Ahmedabad addressed whether tax rate should be 25% or 30% based on turnover determination for rate calculation under Finance Act 2018. The controversy centered on whether turnover should include excise duty when determining applicable tax rate. The tribunal held that turnover meaning under section 145A cannot be adopted for determining tax rate under Finance Act 2018. Following precedent from Kluber Lubrication India case, ITAT set aside CIT(A)'s order and directed Assessing Officer to compute tax at 25% rate, issuing appropriate orders accordingly. en-us Wed, 25 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773814 The ITAT Ahmedabad addressed whether tax rate should be 25% or 30% based on turnover determination for rate calculation under Finance Act 2018. The controversy centered on whether turnover should include excise duty when determining applicable tax rate. The tribunal held that turnover meaning under section 145A cannot be adopted for determining tax rate under Finance Act 2018. Following precedent from Kluber Lubrication India case, ITAT set aside CIT(A)'s order and directed Assessing Officer to compute tax at 25% rate, issuing appropriate orders accordingly. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773814