https://www.taxtmi.com/caselaws?id=802392 Form 10-IC's reference to the following assessment year does not defeat a company's concessional tax option where the mismatch arises from portal difficulties, the option is exercised in a timely return, the form is filed within the period permitted by the applicable condonation circular, and other substantive conditions are met. Section 115BAA and Rule 21AE require the option to be exercised in Form 10-IC. Section 115JB excludes persons exercising the Section 115BAA option from minimum alternate tax, requiring its removal from the tax computation. en-us Tue, 22 Sep 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802392 Form 10-IC's reference to the following assessment year does not defeat a company's concessional tax option where the mismatch arises from portal difficulties, the option is exercised in a timely return, the form is filed within the period permitted by the applicable condonation circular, and other substantive conditions are met. Section 115BAA and Rule 21AE require the option to be exercised in Form 10-IC. Section 115JB excludes persons exercising the Section 115BAA option from minimum alternate tax, requiring its removal from the tax computation. Case-Laws Income Tax Tue, 22 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802392