The HC allowed the assessee to file Form 10IC before the AO to ...

Lower tax rate allowed despite procedural error due to Covid-19 hardship.

January 16, 2025

Case Laws Income Tax HC

The HC allowed the assessee to file Form 10IC before the AO to claim benefit u/s 115BAA. Despite not filing Form 10IC along with the return, the assessee's conduct showed intention to opt for taxation u/s 115BAA. The HC considered the inadvertent procedural error due to Covid-19 pandemic and difficulties in uploading the form. The AO was directed to permit filing Form 10IC and consider granting relief if other conditions are met.

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The HC allowed the assessee to file Form 10IC before the AO to ...

Lower tax rate allowed despite procedural error due to Covid-19 hardship.

January 16, 2025

Case Laws Income Tax HC

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