https://www.taxtmi.com/caselaws?id=460893 ITAT Mumbai allowed the appeal where the assessee was denied lower tax rate under section 115BAA for AY 2021-22 due to non-filing of Form 10IC by the due date. The assessee had filed Form 10IC for AY 2022-23 on 22.09.2022, before CBDT's circular dated 23.10.2023 which condoned delays in filing Form 10IC. When the assessee attempted to file Form 10IC for AY 2021-22 following the circular, the system rejected it due to technical glitch as one form was already uploaded for AY 2022-23. ITAT held that the assessee deserved the benefit of lower tax rate as all conditions were satisfied and denial due to technical system issues was unjustified. en-us Mon, 06 Jan 2025 00:00:00 +0530 Thu, 27 Feb 2025 18:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460893 ITAT Mumbai allowed the appeal where the assessee was denied lower tax rate under section 115BAA for AY 2021-22 due to non-filing of Form 10IC by the due date. The assessee had filed Form 10IC for AY 2022-23 on 22.09.2022, before CBDT's circular dated 23.10.2023 which condoned delays in filing Form 10IC. When the assessee attempted to file Form 10IC for AY 2021-22 following the circular, the system rejected it due to technical glitch as one form was already uploaded for AY 2022-23. ITAT held that the assessee deserved the benefit of lower tax rate as all conditions were satisfied and denial due to technical system issues was unjustified. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460893