https://www.taxtmi.com/caselaws?id=755605 Delayed filing of Form 10-IC did not justify denial of the concessional tax rate where the delay had been condoned under section 119(2)(b), the filing problem arose from technical difficulty on the income-tax portal, and CBDT Circular No. 6/2022 had extended the filing time limit. In these circumstances, the denial of the reduced rate under section 115BBA was treated as unsustainable, and the assessee was entitled to taxation at the concessional rate instead of the normal rate. en-us Thu, 30 Nov 2023 00:00:00 +0530 Tue, 16 Jul 2024 08:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755605 Delayed filing of Form 10-IC did not justify denial of the concessional tax rate where the delay had been condoned under section 119(2)(b), the filing problem arose from technical difficulty on the income-tax portal, and CBDT Circular No. 6/2022 had extended the filing time limit. In these circumstances, the denial of the reduced rate under section 115BBA was treated as unsustainable, and the assessee was entitled to taxation at the concessional rate instead of the normal rate. Case-Laws Income Tax Thu, 30 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755605