https://www.taxtmi.com/highlights?id=100715 Belated filing of Form 10-IC was treated as a procedural lapse where the assessee had clearly opted for the concessional regime under section 115BAA by computing tax accordingly in the return and the form was on record when the return was processed. As the form had not been withdrawn, rejected or invalidated, and eligibility for the lower rate was undisputed, the delay did not justify denial of the statutory benefit. Tax was directed to be recomputed at the concessional rate under section 115BAA. en-us Fri, 12 Jun 2026 08:45:03 +0530 Fri, 12 Jun 2026 08:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=100715 Belated filing of Form 10-IC was treated as a procedural lapse where the assessee had clearly opted for the concessional regime under section 115BAA by computing tax accordingly in the return and the form was on record when the return was processed. As the form had not been withdrawn, rejected or invalidated, and eligibility for the lower rate was undisputed, the delay did not justify denial of the statutory benefit. Tax was directed to be recomputed at the concessional rate under section 115BAA. Highlights Income Tax Fri, 12 Jun 2026 08:45:03 +0530 https://www.taxtmi.com/highlights?id=100715