2025 (12) TMI 845

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....r ORDER PER DR. MANISH BOARD, ACCOUNTANT MEMBER : The captioned appeal at the instance of assessee pertaining to A.Y. 2021-22 is directed against the order dated 24.07.2025 framed by Addl/JCIT(A)-1, Gurugram arising out of Rectification Order dated 11.04.2023 passed u/s.154 of the Income Tax Act, 1961. 2. Assessed has raised following grounds of appeal : "On facts and in law a....

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....years were not mentioned in the return since the assessee wanted to take benefit of concessional tax rate at 25% u/s.115BA of the Act. He however submitted that if the turnover of domestic company for F.Y. 2018-19 does not exceed Rs. 400 crore then income of such domestic companies are liable to tax @25% instead of 30%. He therefore submitted that after making necessary verification income of the ....

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....about the turnover for A.Y. 2018-19, taxed the income @30%. 7. Before us, ld. Counsel for the assessee has only prayed in Ground No.1 that since the turnover of the assessee during F.Y. 2018-19 did not exceed Rs. 400 crore, therefore, the tax rate applicable to the assessee company is 25%. We find merit in the contention of ld. Counsel for the assessee that incase the turnover of a domestic com....