https://www.taxtmi.com/caselaws?id=468920 Non-filing of Form 10IC with the return was treated as an inadvertent procedural lapse where the assessee had filed the return in time and had otherwise indicated an option for the concessional regime under section 115BAA. Reliance was placed on the CBDT circular permitting condonation of delay in filing Form 10IC and on Calcutta High Court guidance that the form requirement may be completed where the taxpayer has manifested the intention to opt for the scheme and satisfied the remaining conditions. The matter was remitted to the Assessing Officer to allow filing of Form 10IC and reconsider the consequential tax relief. en-us Mon, 10 Feb 2025 00:00:00 +0530 Mon, 25 May 2026 20:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468920 Non-filing of Form 10IC with the return was treated as an inadvertent procedural lapse where the assessee had filed the return in time and had otherwise indicated an option for the concessional regime under section 115BAA. Reliance was placed on the CBDT circular permitting condonation of delay in filing Form 10IC and on Calcutta High Court guidance that the form requirement may be completed where the taxpayer has manifested the intention to opt for the scheme and satisfied the remaining conditions. The matter was remitted to the Assessing Officer to allow filing of Form 10IC and reconsider the consequential tax relief. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468920