2023 (10) TMI 847

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....al has been filed by the assessee against the order of the ld. CIT (A) National Faceless Appeal Centre (NFAC), Delhi dated 09.11.2021 in respect of Assessment Year 2018-19 challenging therein the decision of ld. CIT(A) in confirming the charging of tax rate at 30% on the total income of the appellant as per the rectification order passed u/s 154 of the Act by the DCIT (CPC), Bengaluru dated 28.11.....

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....engaluru determining the total income at Rs. 3,07,82,713/- and calculated tax @ 30%. The appellant assessee has claimed that he has turnover less than 50 crores in the financial year 2017- 18, and hence, the tax rate of 25% to be applied which has been rejected by the ld. CIT(A) vide para 11 to 13, as under: "11. During the appellate proceedings, vide letter dated 31.08.2021 the appellant submit....

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....ous year relevant to the A.Y.2018-19 is Rs. 69,19,93,355/- which is above Rs. 50 Crores. Therefore, the applicable tax rate in respect of the appellant is at 30%for the A.Y.2018-19. 13. Hence, I have no reason to interfere in the order u/s 154 with regard to this issue on charging of tax rate at 30% on the total income of the appellant." 4. We have heard the ld. DR, perusal of the record and th....