https://www.taxtmi.com/caselaws?id=791623 Delayed filing of Form 10-IC did not defeat the assessee's claim to the concessional corporate tax regime under section 115BAA where the intention to opt for the lower rate was disclosed in the tax audit report and the return otherwise supported the option. The Tribunal treated the filing deadline for Form 10-IC as procedural and directory, not mandatory, because substantive eligibility for the benefit was not in dispute. Belated filing during assessment was therefore sufficient, and denial of the concessional regime was not justified. en-us Tue, 07 Apr 2026 00:00:00 +0530 Thu, 14 May 2026 09:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791623 Delayed filing of Form 10-IC did not defeat the assessee's claim to the concessional corporate tax regime under section 115BAA where the intention to opt for the lower rate was disclosed in the tax audit report and the return otherwise supported the option. The Tribunal treated the filing deadline for Form 10-IC as procedural and directory, not mandatory, because substantive eligibility for the benefit was not in dispute. Belated filing during assessment was therefore sufficient, and denial of the concessional regime was not justified. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791623