https://www.taxtmi.com/highlights?id=93763 ITAT held that the assessee, being a domestic company which elected taxation under section 115BAA by filing Form 10IC for FY 2019-20 and subsequent years, is taxable at the prescribed flat rate of 22% on its total income, including long-term capital gains. The Tribunal found no merit in applying the concessional 20% rate under section 112 and upheld the order of the CIT(A). Consequentially, the appeal is dismissed and the assessment stands confirmed at the 22% rate pursuant to the assessee's valid exercise of the 115BAA option. en-us Fri, 31 Oct 2025 18:48:09 +0530 Fri, 31 Oct 2025 18:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=93763 ITAT held that the assessee, being a domestic company which elected taxation under section 115BAA by filing Form 10IC for FY 2019-20 and subsequent years, is taxable at the prescribed flat rate of 22% on its total income, including long-term capital gains. The Tribunal found no merit in applying the concessional 20% rate under section 112 and upheld the order of the CIT(A). Consequentially, the appeal is dismissed and the assessment stands confirmed at the 22% rate pursuant to the assessee's valid exercise of the 115BAA option. Highlights Income Tax Fri, 31 Oct 2025 18:48:09 +0530 https://www.taxtmi.com/highlights?id=93763