https://www.taxtmi.com/caselaws?id=789509 A short, bona fide and satisfactorily explained delay in filing Form 10-IC for exercising the Section 115BAA concessional tax option may be condoned under Section 119(2)(b) where the underlying eligibility is undisputed. Filing the form is only the procedural mode of claiming a substantive statutory benefit, and a procedural lapse should not defeat that benefit when refusal would cause disproportionate hardship and no prejudice to the Revenue. On these facts, the delay arising from disruption caused by the death of a key promoter was held condonable, the rejection of condonation was set aside, and the matter was to be processed as if the form had been filed in time. en-us Wed, 01 Apr 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789509 A short, bona fide and satisfactorily explained delay in filing Form 10-IC for exercising the Section 115BAA concessional tax option may be condoned under Section 119(2)(b) where the underlying eligibility is undisputed. Filing the form is only the procedural mode of claiming a substantive statutory benefit, and a procedural lapse should not defeat that benefit when refusal would cause disproportionate hardship and no prejudice to the Revenue. On these facts, the delay arising from disruption caused by the death of a key promoter was held condonable, the rejection of condonation was set aside, and the matter was to be processed as if the form had been filed in time. Case-Laws Income Tax Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789509