https://www.taxtmi.com/caselaws?id=800221 The concessional-tax option under section 115BAA requires electronic furnishing of Form No. 10-IC under Rule 21AE. For Assessment Year 2021-22, CBDT Circular No. 19/2023 condones delayed filing where the return was timely filed under section 139(1), the option was selected in Form ITR-6, and Form No. 10-IC was furnished within the Circular's prescribed period. Where these conditions are met, delayed filing does not obstruct a valid election for concessional taxation. Computation at the normal rate may consequently constitute a mistake apparent from the record, capable of rectification under section 154, subject to fulfilment of other substantive conditions. en-us Fri, 18 Sep 2026 00:00:00 +0530 Sat, 03 Oct 2026 09:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800221 The concessional-tax option under section 115BAA requires electronic furnishing of Form No. 10-IC under Rule 21AE. For Assessment Year 2021-22, CBDT Circular No. 19/2023 condones delayed filing where the return was timely filed under section 139(1), the option was selected in Form ITR-6, and Form No. 10-IC was furnished within the Circular's prescribed period. Where these conditions are met, delayed filing does not obstruct a valid election for concessional taxation. Computation at the normal rate may consequently constitute a mistake apparent from the record, capable of rectification under section 154, subject to fulfilment of other substantive conditions. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800221