https://www.taxtmi.com/caselaws?id=751869 ITAT Ahmedabad allowed the appeal of a domestic company seeking concessional tax rate under Section 115BAA at 22%. The assessee had delayed filing Form No. 10-IC but relied on CBDT Circular No. 19/2023 which condoned such delays for AY 2021-22 subject to three conditions. The tribunal found that the assessee fulfilled all conditions specified in the circular and filed the form within the stipulated timeline mentioned therein. Consequently, the company was held eligible for taxation under the reduced rate provision of Section 115BAA. en-us Wed, 24 Apr 2024 00:00:00 +0530 Mon, 10 Jun 2024 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751869 ITAT Ahmedabad allowed the appeal of a domestic company seeking concessional tax rate under Section 115BAA at 22%. The assessee had delayed filing Form No. 10-IC but relied on CBDT Circular No. 19/2023 which condoned such delays for AY 2021-22 subject to three conditions. The tribunal found that the assessee fulfilled all conditions specified in the circular and filed the form within the stipulated timeline mentioned therein. Consequently, the company was held eligible for taxation under the reduced rate provision of Section 115BAA. Case-Laws Income Tax Wed, 24 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751869