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The HC quashed the denial of benefits under Section 115BAB, ruling that filing Form 10-ID after the due date was a procedural lapse that should not invalidate the substantive benefit already claimed in the tax return. The court held that once a benefit is claimed in the income tax return, filing a separate form is merely procedural and should not be denied if sufficient cause for delay exists. The issuance of multiple CBDT Circulars (6/2022, 19/2023, and 17/2024) demonstrated widespread difficulties with timely filing of Forms 10-IC and 10-ID. The court directed authorities to accept the petitioner's Form 10-ID filed on 12.09.2022 as legal and valid despite the delay.
The HC quashed the denial of benefits under Section 115BAB, ruling that filing Form 10-ID after the due date was a procedural lapse that should not invalidate the substantive benefit already claimed in the tax return. The court held that once a benefit is claimed in the income tax return, filing a separate form is merely procedural and should not be denied if sufficient cause for delay exists. The issuance of multiple CBDT Circulars (6/2022, 19/2023, and 17/2024) demonstrated widespread difficulties with timely filing of Forms 10-IC and 10-ID. The court directed authorities to accept the petitioner's Form 10-ID filed on 12.09.2022 as legal and valid despite the delay.
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