https://www.taxtmi.com/caselaws?id=780500 A domestic company that exercised the section 115BAA option was treated as taxable at 22% on its income, including long-term capital gains, because the concessional regime governed the company's applicable tax rate once elected. The Tribunal accepted the Revenue's position that section 115BAA displaced the company's plea for a 20% rate under section 112, and the lower rate claim was rejected. en-us Fri, 24 Oct 2025 00:00:00 +0530 Fri, 31 Oct 2025 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780500 A domestic company that exercised the section 115BAA option was treated as taxable at 22% on its income, including long-term capital gains, because the concessional regime governed the company's applicable tax rate once elected. The Tribunal accepted the Revenue's position that section 115BAA displaced the company's plea for a 20% rate under section 112, and the lower rate claim was rejected. Case-Laws Income Tax Fri, 24 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780500