https://www.taxtmi.com/caselaws?id=450685 The ITAT Delhi ruled in favor of the assessee, overturning the decisions of the CIT(A) and ADIT, CPC. The Tribunal directed the AO to apply the 25% tax rate under section 115BA, emphasizing that the requirement to file form 10IB was only necessary in the first year of opting for the concessional rate. en-us Thu, 15 Feb 2024 00:00:00 +0530 Sat, 09 Mar 2024 19:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450685 The ITAT Delhi ruled in favor of the assessee, overturning the decisions of the CIT(A) and ADIT, CPC. The Tribunal directed the AO to apply the 25% tax rate under section 115BA, emphasizing that the requirement to file form 10IB was only necessary in the first year of opting for the concessional rate. Case-Laws Income Tax Thu, 15 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450685