https://www.taxtmi.com/highlights?id=103131 Valid exercise of the concessional corporate tax option through Form No. 10-IC under section 115BAA continues to apply in subsequent assessment years. Filing the prescribed form, disclosing the option in the relevant return, and prior departmental acceptance support the continuing availability of the concessional rate. Computation at the normal rate during return processing or failure to submit supporting records at the first appellate stage does not negate substantive eligibility where statutory compliance is otherwise established. en-us Thu, 27 Aug 2026 08:28:54 +0530 Thu, 27 Aug 2026 08:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103131 Valid exercise of the concessional corporate tax option through Form No. 10-IC under section 115BAA continues to apply in subsequent assessment years. Filing the prescribed form, disclosing the option in the relevant return, and prior departmental acceptance support the continuing availability of the concessional rate. Computation at the normal rate during return processing or failure to submit supporting records at the first appellate stage does not negate substantive eligibility where statutory compliance is otherwise established. Highlights Income Tax Thu, 27 Aug 2026 08:28:54 +0530 https://www.taxtmi.com/highlights?id=103131