https://www.taxtmi.com/caselaws?id=777614 ITAT Delhi allowed the assessee's claim for concessional tax rate under s.115BAA despite delay in filing Form 10-IC. Relying on coordinate bench decisions, the Tribunal held that filing Form 10-IC before the due date u/s 139(1) is a procedural requirement, directory and not mandatory, and that substantive benefits cannot be denied for mere procedural lapses. The availability of the relevant form with the Revenue at the time of return processing and CBDT's earlier extensions indicated administrative flexibility. The appeal was decided in favour of the assessee. en-us Fri, 29 Aug 2025 00:00:00 +0530 Thu, 27 Nov 2025 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777614 ITAT Delhi allowed the assessee's claim for concessional tax rate under s.115BAA despite delay in filing Form 10-IC. Relying on coordinate bench decisions, the Tribunal held that filing Form 10-IC before the due date u/s 139(1) is a procedural requirement, directory and not mandatory, and that substantive benefits cannot be denied for mere procedural lapses. The availability of the relevant form with the Revenue at the time of return processing and CBDT's earlier extensions indicated administrative flexibility. The appeal was decided in favour of the assessee. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777614