2026 (6) TMI 1328

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(DR) ORDER PER:SUNIL KUMAR SINGH, JUDICIAL MEMBER This appeal is directed against the impugned order dated 12.02.2026 passed in appeal No CIT(A)-IV/KNP/10764/2019-20 by the ld. Commissioner of Income Tax, Kanpur (hereinafter referred to as the "CIT(A) u/s. 250 of the Income Tax Act, 1961 (hereinafter referred to as the "Act") for the A.Y. 2017-18, wherein ld CIT(A) has dismissed assessee'....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....20,00,000/- surrendered by the assessee during the survey conducted on 31.08.2016, for A.Y. 2017-18, has to be taxed at normal rate @ 30% as against 60% invoked by the revenue u/s 115BBE of the Act? 6. Ld AR has referred order dated 19.11.2024 passed by Hon'ble /Madras High Court in W.P (MD) No. 2078/2020 and WMP (MD) No. 1742/2020 in S.M.I.L.E Microfinance Ltd v. ACIT, wherein it has been held....