https://www.taxtmi.com/caselaws?id=792655 The enhanced rate under section 115BBE was held inapplicable to surrendered income for assessment year 2017-18 because the amendment was treated as prospective and not retrospective in the absence of clear legislative intent. The Tribunal further held that rectification under section 154 could not be used to recast an assessment on a debatable point of law, since the original assessment had already applied the prevailing rate. As a result, the tax adjustment was deleted and the assessee's appeal was allowed. en-us Tue, 26 May 2026 00:00:00 +0530 Mon, 01 Jun 2026 08:25:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792655 The enhanced rate under section 115BBE was held inapplicable to surrendered income for assessment year 2017-18 because the amendment was treated as prospective and not retrospective in the absence of clear legislative intent. The Tribunal further held that rectification under section 154 could not be used to recast an assessment on a debatable point of law, since the original assessment had already applied the prevailing rate. As a result, the tax adjustment was deleted and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792655