https://www.taxtmi.com/highlights?id=94238 The ITAT allowed the appellant's grounds, holding that the option for the concessional tax regime u/s 115BAA was validly exercised by filing Form No.10-IC before the due date for the relevant assessment year; accordingly the appellant is entitled to taxation under the concessional regime and not at normal rates. The AO/CPC's demand premised on denial of the 115BAA option was set aside and the demand is directed to be deleted. The Tribunal confined its decision to the temporal validity of the Form 10-IC filing and its consequent application to subsequent assessment years, directing the AO to give effect to the concessional rate. en-us Mon, 17 Nov 2025 08:36:48 +0530 Mon, 17 Nov 2025 08:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94238 The ITAT allowed the appellant's grounds, holding that the option for the concessional tax regime u/s 115BAA was validly exercised by filing Form No.10-IC before the due date for the relevant assessment year; accordingly the appellant is entitled to taxation under the concessional regime and not at normal rates. The AO/CPC's demand premised on denial of the 115BAA option was set aside and the demand is directed to be deleted. The Tribunal confined its decision to the temporal validity of the Form 10-IC filing and its consequent application to subsequent assessment years, directing the AO to give effect to the concessional rate. Highlights Income Tax Mon, 17 Nov 2025 08:36:48 +0530 https://www.taxtmi.com/highlights?id=94238