https://www.taxtmi.com/caselaws?id=469065 Form 10IC for the section 115BAA concessional regime was treated as valid despite being filed beyond the original due date, because the statutory relaxation under the Taxation and Other Laws (Relaxations and Amendments of Certain Provisions) Act, 2020 extended the compliance timeline for filings other than the return under section 139. The Tribunal applied a liberal construction to this beneficial provision and followed the coordinate bench view that the option under section 115BAA could not be denied merely on account of delayed filing. The assessee was accordingly held entitled to the concessional tax regime, and the lower authorities' denial was set aside. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 01 Jun 2026 18:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469065 Form 10IC for the section 115BAA concessional regime was treated as valid despite being filed beyond the original due date, because the statutory relaxation under the Taxation and Other Laws (Relaxations and Amendments of Certain Provisions) Act, 2020 extended the compliance timeline for filings other than the return under section 139. The Tribunal applied a liberal construction to this beneficial provision and followed the coordinate bench view that the option under section 115BAA could not be denied merely on account of delayed filing. The assessee was accordingly held entitled to the concessional tax regime, and the lower authorities' denial was set aside. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469065