https://www.taxtmi.com/caselaws?id=786604 Whether a domestic company may retain eligibility for the concessional tax regime where the option form was filed within the prescribed time but the income-tax return was filed belatedly: the statutory scheme requires the option be exercised in the prescribed manner by the due date and treats filing the prescribed form as the manner of exercise; a CBDT circular condoning delay in filing the form applies only where the return itself was timely. Where the form was filed on time and statutory conditions otherwise met, a belated return does not automatically deny the concessional regime entitlement. en-us Mon, 12 Jan 2026 00:00:00 +0530 Mon, 16 Feb 2026 09:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786604 Whether a domestic company may retain eligibility for the concessional tax regime where the option form was filed within the prescribed time but the income-tax return was filed belatedly: the statutory scheme requires the option be exercised in the prescribed manner by the due date and treats filing the prescribed form as the manner of exercise; a CBDT circular condoning delay in filing the form applies only where the return itself was timely. Where the form was filed on time and statutory conditions otherwise met, a belated return does not automatically deny the concessional regime entitlement. Case-Laws Income Tax Mon, 12 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786604