https://www.taxtmi.com/caselaws?id=800948 Enhanced taxation under Section 115BBE applied only to transactions undertaken from 1 April 2017, not to transactions in the preceding financial year relevant to assessment year 2017-18. The amendment increasing the rate from 30% to 60% was treated as prospective. In the absence of jurisdictional High Court guidance and given conflicting non-jurisdictional views, the beneficial interpretation of the taxing provision applied, requiring tax computation at the pre-amendment rate. en-us Mon, 06 Jul 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800948 Enhanced taxation under Section 115BBE applied only to transactions undertaken from 1 April 2017, not to transactions in the preceding financial year relevant to assessment year 2017-18. The amendment increasing the rate from 30% to 60% was treated as prospective. In the absence of jurisdictional High Court guidance and given conflicting non-jurisdictional views, the beneficial interpretation of the taxing provision applied, requiring tax computation at the pre-amendment rate. Case-Laws Income Tax Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800948