https://www.taxtmi.com/caselaws?id=787572 Where a company files its income tax return on or before the due date and clearly indicates an election for the concessional corporate tax regime in the ITR, failure to file Form No.10 IC may be treated as an inadvertent procedural lapse; the Assessing Officer should be directed to permit filing of Form No.10 IC and may condone the delay subject to fulfillment of other statutory conditions and applicable guidance, having regard to CBDT circulars; the practical effect is restoration to the AO to allow post filing of the form and to decide entitlement to the concessional regime under the prescribed conditions. en-us Thu, 05 Mar 2026 00:00:00 +0530 Mon, 09 Mar 2026 07:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787572 Where a company files its income tax return on or before the due date and clearly indicates an election for the concessional corporate tax regime in the ITR, failure to file Form No.10 IC may be treated as an inadvertent procedural lapse; the Assessing Officer should be directed to permit filing of Form No.10 IC and may condone the delay subject to fulfillment of other statutory conditions and applicable guidance, having regard to CBDT circulars; the practical effect is restoration to the AO to allow post filing of the form and to decide entitlement to the concessional regime under the prescribed conditions. Case-Laws Income Tax Thu, 05 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787572