https://www.taxtmi.com/caselaws?id=781534 ITAT DELHI - AT held that the assessee's election to opt for the concessional regime under s.115BAA was valid because Form 10-IC was filed before the due date for the relevant AY as required by s.139(1) explanation 2; consequently the concessional rates apply and tax should not be computed at normal rates. The AO was directed to delete the demand raised by the CPC and the grounds of appeal were allowed. en-us Wed, 12 Nov 2025 00:00:00 +0530 Mon, 17 Nov 2025 08:36:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781534 ITAT DELHI - AT held that the assessee's election to opt for the concessional regime under s.115BAA was valid because Form 10-IC was filed before the due date for the relevant AY as required by s.139(1) explanation 2; consequently the concessional rates apply and tax should not be computed at normal rates. The AO was directed to delete the demand raised by the CPC and the grounds of appeal were allowed. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781534