Nagpur ITAT Confirms 115BAA Relief – Delay in Form 10-IC Filing Condoned

DCIT Vs Western Coalfields Ltd. (ITAT Nagpur) Revenue filed appeal against the order of CIT(A) dated 20.01.2025 for AY 2021-22. The dispute related to denial of concessional tax rate u/s 115BAA on the ground of delay in filing Form 10-IC. CIT(A) condoned the delay attributing it to COVID-19 hardship, relying on CBDT Circular No.6/2022 dt 17.03.2022 which extended the due date for AY 2020-21. CIT(A) held that since the Assessee had opted for 115BAA regime in its returns for AYs 2020-21 & 2021-22 & later filed Form 10-IC electronically, the procedural lapse was bona fide & should not...