https://www.taxtmi.com/caselaws?id=799515 Concessional taxation under section 115BAA requires cumulative satisfaction of prescribed conditions; filing Form 10-IC alone does not validate the option. A return claiming additional depreciation without reversal or adjustment, while computing tax under the normal regime, indicates non-compliance because that depreciation is barred under the concessional regime. An intimation under section 143(1) cannot disallow the depreciation by resolving the disputed legal and factual validity of the purported option, as such adjustments are confined to prima facie matters. en-us Wed, 09 Sep 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799515 Concessional taxation under section 115BAA requires cumulative satisfaction of prescribed conditions; filing Form 10-IC alone does not validate the option. A return claiming additional depreciation without reversal or adjustment, while computing tax under the normal regime, indicates non-compliance because that depreciation is barred under the concessional regime. An intimation under section 143(1) cannot disallow the depreciation by resolving the disputed legal and factual validity of the purported option, as such adjustments are confined to prima facie matters. Case-Laws Income Tax Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799515