Held that where the assessee has opted for taxation u/s. 115BAA, the rate of tax applicable in respect of the total income of the assessee company is 22%. Thus, the rate of tax applicable on Long Term Capital Gain would be 22% u/s. 115BAA and not 20% u/s. 112.(AY. 2021-22)
Maharishi Education Corporation P. Ltd. v. ITO (2025) 215 ITD 320 (Delhi) (Trib.)
S. 115BAA: Tax on income of certain domestic companies-Determination of tax in certain cases-Total income-Long Term Capital Gain, would be 22 per cent as per section 115BAA and not 20 per cent under section 112. [S. 112]
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