https://www.taxtmi.com/caselaws?id=792064 Belated filing of Form 10IC was treated as a procedural issue in considering eligibility for the concessional tax regime under section 115BAA, with the return having been filed within time and the option indicated in the return. The Tribunal noted authorities supporting substantial compliance, beneficial interpretation and relief in genuine hardship cases, but also observed that the form was not before the CPC at processing stage, no application under section 119(2)(b) had been made, and the record was incomplete. The matter was therefore remanded to the Assessing Officer for fresh consideration after hearing the assessee, and no final determination on merits was made. en-us Wed, 20 May 2026 00:00:00 +0530 Fri, 22 May 2026 07:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792064 Belated filing of Form 10IC was treated as a procedural issue in considering eligibility for the concessional tax regime under section 115BAA, with the return having been filed within time and the option indicated in the return. The Tribunal noted authorities supporting substantial compliance, beneficial interpretation and relief in genuine hardship cases, but also observed that the form was not before the CPC at processing stage, no application under section 119(2)(b) had been made, and the record was incomplete. The matter was therefore remanded to the Assessing Officer for fresh consideration after hearing the assessee, and no final determination on merits was made. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792064