https://www.taxtmi.com/caselaws?id=753931 ITAT-Ahd held that denial of concessional rate under s.115BAA for failure to e-file Form 10IC by the due date was unwarranted where intent to opt was declared earlier in the tax audit report (Form 3CD) and the form was filed during assessment. Applying beneficial interpretation and precedents that timing of procedural filings is directory, the Tribunal allowed the concessional rate, finding the delay inadvertent and not substantively prejudicial; procedural non-compliance should not defeat an otherwise eligible substantive tax benefit. en-us Tue, 11 Jun 2024 00:00:00 +0530 Mon, 01 Sep 2025 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753931 ITAT-Ahd held that denial of concessional rate under s.115BAA for failure to e-file Form 10IC by the due date was unwarranted where intent to opt was declared earlier in the tax audit report (Form 3CD) and the form was filed during assessment. Applying beneficial interpretation and precedents that timing of procedural filings is directory, the Tribunal allowed the concessional rate, finding the delay inadvertent and not substantively prejudicial; procedural non-compliance should not defeat an otherwise eligible substantive tax benefit. Case-Laws Income Tax Tue, 11 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753931