Case Law Analysis
|Income Tax Appellate Tribunal
Section 115BAA IT Act | Substantive Tax Benefit Survives Procedural Delay in Form 10-IC Filing : ITAT Delhi
ITAT Delhi rules that mere delay in filing Form 10-IC does not invalidate the concessional tax rate under Section 115BAA if the assessee’s eligibility and intent are established. The ruling reinforces that procedural lapses cannot override substantive rights when compliance is otherwise demonstrable.