https://www.taxtmi.com/caselaws?id=793947 Enhanced tax under section 115BBE applies prospectively from assessment year 2018-19 and cannot be applied to assessment year 2017-18. The surrendered amount, disclosed as professional receipts, was therefore taxable only at the normal rate, and the Revenue's attempt to apply the higher rate failed in favour of the assessee. en-us Wed, 24 Jun 2026 00:00:00 +0530 Fri, 26 Jun 2026 07:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793947 Enhanced tax under section 115BBE applies prospectively from assessment year 2018-19 and cannot be applied to assessment year 2017-18. The surrendered amount, disclosed as professional receipts, was therefore taxable only at the normal rate, and the Revenue's attempt to apply the higher rate failed in favour of the assessee. Case-Laws Income Tax Wed, 24 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793947