https://www.taxtmi.com/caselaws?id=471193 Delayed filing of Form No. 10IC for election of the concessional corporate tax regime may be condoned where the lapse was inadvertent, a condonation application is pending before the competent authority, and the Revenue raises no objection. Applying an approach that permitted acceptance of delayed Form No. 10IC, the Tribunal directed condonation of the delay, enabling the assessee to claim the concessional tax-regime benefit under Section 115BAA. en-us Fri, 13 Feb 2026 00:00:00 +0530 Mon, 24 Aug 2026 18:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471193 Delayed filing of Form No. 10IC for election of the concessional corporate tax regime may be condoned where the lapse was inadvertent, a condonation application is pending before the competent authority, and the Revenue raises no objection. Applying an approach that permitted acceptance of delayed Form No. 10IC, the Tribunal directed condonation of the delay, enabling the assessee to claim the concessional tax-regime benefit under Section 115BAA. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471193