Concessional tax benefit u/s. 115BAB denied due to belated filing of Form 10ID

Vivrn Foods Private Limited Vs ITO (ITAT Raipur) ITAT Raipur held that concessional tax rate benefit under section 115BAB of the Income Tax Act denied since Form 10ID filed after due date as specified under section 139(1) of the Income Tax Act. Accordingly, appeal dismissed. Facts- Assessee has preferred the present appeal mainly contesting that the Commissioner of Income-tax (Appeals) has erred in confirming the disallowance of claim of lower rate of tax under section 115BAB of the Income-tax Act,1961, and upholding the rejection of Form-10ID by the ld. CPC, Bangalore, without appreciating th...