Assessee allowed reduced 22% tax rate u/s 115BAA for AY 2022-23 despite delay in Form 10IC filing.

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....The ITAT held that the assessee is entitled to opt for the reduced tax rate u/s 115BAA for the AY 2022-23, despite the delay in filing Form 10IC for the AY 2021-22. The Form 10IC, once filed, is applicable for subsequent years, and the CIT(A) erred in denying the benefit. The ITAT set aside the orders of the AO and CIT(A) and directed the AO to allow the reduced tax rate of 22% u/s 115BAA for the AY 2022-23.....