https://www.taxtmi.com/caselaws?id=783305 ITAT Pune remanded the matter to the AO to verify the assessee-company's claim of eligibility for the concessional corporate tax rate of 25% under s.115BA, read with para (e) of the Finance Bill 2021, on the basis that its turnover in FY 2018-19 was below Rs. 400 crore. The Tribunal directed the AO to examine the audited financial statements and, if the turnover criterion is satisfied, recompute the tax liability by applying the 25% rate instead of 30%. No final determination on tax liability was made. en-us Thu, 27 Nov 2025 00:00:00 +0530 Fri, 12 Dec 2025 16:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783305 ITAT Pune remanded the matter to the AO to verify the assessee-company's claim of eligibility for the concessional corporate tax rate of 25% under s.115BA, read with para (e) of the Finance Bill 2021, on the basis that its turnover in FY 2018-19 was below Rs. 400 crore. The Tribunal directed the AO to examine the audited financial statements and, if the turnover criterion is satisfied, recompute the tax liability by applying the 25% rate instead of 30%. No final determination on tax liability was made. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783305