https://www.taxtmi.com/caselaws?id=766920 The Madras HC allowed a petition challenging the rejection of condonation of delay in filing Form 10-IC under Section 115BAA for availing concessional tax rates. The Court held that the tax authority misdirected itself by not examining whether the failure to file Form 10-IC within the stipulated period would cause genuine hardship to the petitioner. Finding that rejection would cause genuine hardship, the Court set aside the impugned order and directed the respondent to keep the portal open for the petitioner to upload Form 10-IC within four weeks from receipt of the order. en-us Thu, 30 Jan 2025 00:00:00 +0530 Thu, 06 Mar 2025 07:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766920 The Madras HC allowed a petition challenging the rejection of condonation of delay in filing Form 10-IC under Section 115BAA for availing concessional tax rates. The Court held that the tax authority misdirected itself by not examining whether the failure to file Form 10-IC within the stipulated period would cause genuine hardship to the petitioner. Finding that rejection would cause genuine hardship, the Court set aside the impugned order and directed the respondent to keep the portal open for the petitioner to upload Form 10-IC within four weeks from receipt of the order. Case-Laws Income Tax Thu, 30 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766920