TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The ITAT upheld the disallowance of concessional tax rate benefits under Section 115BAB due to the assessee's failure to timely file Form 10ID. The assessee filed the return for AY 2021-22 within the prescribed deadline but submitted Form 10ID well beyond the due date. The tribunal emphasized strict compliance with statutory mandates, ruling that the literal interpretation of fiscal provisions is mandatory. Consequently, the denial of the concessional tax rate by the CPC and AO was affirmed, and the appellate authority's order was upheld, reinforcing that procedural timelines under the Income Tax Act must be strictly adhered to for claiming benefits under Section 115BAB.
TaxTMI 
TaxTMI 
