https://www.taxtmi.com/caselaws?id=800731 For Financial Year 2016-17, corresponding to Assessment Year 2017-18, tax liability was governed by the law in force on 1 April 2016. The amendment increasing the Section 115BBE rate from 30% to 60% took effect from 1 April 2017 and operated prospectively from Financial Year 2017-18. Consequently, the enhanced rate did not apply to additional income declared for Assessment Year 2017-18, which remained taxable at the normal applicable rates. en-us Tue, 06 Oct 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800731 For Financial Year 2016-17, corresponding to Assessment Year 2017-18, tax liability was governed by the law in force on 1 April 2016. The amendment increasing the Section 115BBE rate from 30% to 60% took effect from 1 April 2017 and operated prospectively from Financial Year 2017-18. Consequently, the enhanced rate did not apply to additional income declared for Assessment Year 2017-18, which remained taxable at the normal applicable rates. Case-Laws Income Tax Tue, 06 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800731