TaxTMI 
TaxTMI 
2026 (9) TMI 1157
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....u Agarwal and Shri Anubhav Rastugi, Advocates. For the Revenue : Shri Tarun Sharda, Senior DR. ORDER PER MAHAVIR SINGH, VP: This appeal by the assessee is arising out of the order of Addl/JCIT(A)-2, Hyderabad in Appeal No.NFAC/2021-22/10378224, order dated 23rd January, 2026. The rectification order under Section 154 of the Act was passed on 20th April, 2024 for the assessment year 202....
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....al of claim of assessment under Section 115BAA of the Act, moved rectification application dated 20th April, 2024 stating that the income tax levied by the Assessing Officer at 30% while processing the return under Section 139(1) of the Act by the CPC, Bengaluru as against the rate applicable for domestic companies having turnover of less than 400 crores, as in the present case, at 25%. The assess....
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....was created and saved. Subsequently, after filing Form 10-IC, the ITR was filed claiming the tax rate under Section 115BAA. But, this claim was denied by the CPC. Learned Counsel for the assessee now before us contended that the CBDT issued Circular No.6/2022 dated 17th March, 2022 for the preceding assessment year wherein delay in filing of Form 10-IC was condoned. Taking help of this Circular, t....
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....10-IC and that evidence is available on record. In view of the CBDT Circular No.6/2022 dated 17th March, 2022 which is for the preceding year, we apply in this year also for the reason that the assessee has genuinely tried to file Form 10-IC on the due date which was not done due to technical glitch, whether with the income tax portal or with the computer system of the assessee. This action of the....