https://www.taxtmi.com/caselaws?id=793288 Delayed filing of Form 10-IC did not defeat entitlement to the concessional corporate tax regime where the return and computation clearly disclosed the opt-in and the form was available with the processing authority at the time of processing. The delay was treated as a procedural lapse, and the Tribunal applied substantial compliance and beneficial interpretation to hold that a procedural default should not deny a substantive statutory benefit when eligibility itself was undisputed. The denial of the concessional tax rate was set aside, and the assessee was held entitled to computation under the concessional regime. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 12 Jun 2026 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793288 Delayed filing of Form 10-IC did not defeat entitlement to the concessional corporate tax regime where the return and computation clearly disclosed the opt-in and the form was available with the processing authority at the time of processing. The delay was treated as a procedural lapse, and the Tribunal applied substantial compliance and beneficial interpretation to hold that a procedural default should not deny a substantive statutory benefit when eligibility itself was undisputed. The denial of the concessional tax rate was set aside, and the assessee was held entitled to computation under the concessional regime. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793288