https://www.taxtmi.com/caselaws?id=425664 The tribunal allowed the appeal in favor of the assessee, directing the Assessing Officer to accept the assessee's exercise of the option for the concessional taxation regime under section 115BAA and to levy tax at the rate of 22%. The tribunal emphasized the liberal interpretation of the relaxation provisions under TOLA, extending the time limit for filing Form 10-IC to mitigate pandemic-related hardships. The primary issue was resolved in the assessee's favor, leading to the application of the 22% concessional tax rate. en-us Tue, 26 Jul 2022 00:00:00 +0530 Mon, 01 Jun 2026 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425664 The tribunal allowed the appeal in favor of the assessee, directing the Assessing Officer to accept the assessee's exercise of the option for the concessional taxation regime under section 115BAA and to levy tax at the rate of 22%. The tribunal emphasized the liberal interpretation of the relaxation provisions under TOLA, extending the time limit for filing Form 10-IC to mitigate pandemic-related hardships. The primary issue was resolved in the assessee's favor, leading to the application of the 22% concessional tax rate. Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425664