Inadvertent filing of Form 10-IB instead of 10-IC cannot take away benefit u/s. 115BAA

ACIT Vs Magik Kraft Private Limited (ITAT Mumbai) ITAT Mumbai held that benefit under section 115BAA of the Income Tax Act cannot be denied for inadvertent filing of Form 10-IB in place of Form 10-IC since the same is technical lapse. Accordingly, order of CIT(A) is sustained and appeal of revenue is dismissed. Facts- The assessee company is engaged in the business of trading and had filed return of income by taking tax rate u/s 115BAA of the Act @ 22%+ surcharge + Education Cess and paid tax of Rs. 1,99,16,614/-. However, the assessee received an intimation order along with demand notice fro...