https://www.taxtmi.com/caselaws?id=793433 Delay in filing Form 10-IC was treated as a procedural lapse that could not defeat the concessional regime under section 115BAA where the assessee had already opted for the regime in the return of income and otherwise met the substantive conditions. The Tribunal applied beneficial interpretation and followed coordinate bench rulings to hold that procedural non-compliance should not deny a statutory benefit when eligibility is undisputed. The delay was treated as a curable irregularity, and the assessee was entitled to section 115BAA relief; denial of concessional taxation solely because the form was filed late was unsustainable. en-us Wed, 27 May 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793433 Delay in filing Form 10-IC was treated as a procedural lapse that could not defeat the concessional regime under section 115BAA where the assessee had already opted for the regime in the return of income and otherwise met the substantive conditions. The Tribunal applied beneficial interpretation and followed coordinate bench rulings to hold that procedural non-compliance should not deny a statutory benefit when eligibility is undisputed. The delay was treated as a curable irregularity, and the assessee was entitled to section 115BAA relief; denial of concessional taxation solely because the form was filed late was unsustainable. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793433