https://www.taxtmi.com/caselaws?id=791415 Delay in filing Form No. 10-IC for the concessional regime under Section 115BAA was treated as a procedural lapse, not a substantive bar, because the return was filed in time and the option was exercised therein. The authority wrongly conflated the form-filing date with the condonation application and did not assess reasonable cause or genuine hardship under the applicable CBDT circular framework. The rejection of condonation was therefore unsustainable, and the matter was required to be reconsidered on merits without treating delay or limitation as a bar. en-us Mon, 04 May 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791415 Delay in filing Form No. 10-IC for the concessional regime under Section 115BAA was treated as a procedural lapse, not a substantive bar, because the return was filed in time and the option was exercised therein. The authority wrongly conflated the form-filing date with the condonation application and did not assess reasonable cause or genuine hardship under the applicable CBDT circular framework. The rejection of condonation was therefore unsustainable, and the matter was required to be reconsidered on merits without treating delay or limitation as a bar. Case-Laws Income Tax Mon, 04 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791415