Belated filing of Form 10IC for availing lower tax regime: ITAT directs Verification

Traxit Engineers Pvt. Ltd. Vs Assessing Officer (ITAT Mumbai)

Introduction: The case of Traxit Engineers Pvt. Ltd. vs Assessing Officer, decided by the Income Tax Appellate Tribunal (ITAT) Mumbai, revolves around the applicability of Section 115BAA of the Income Tax Act, 1961, and the procedural lapses in filing Form 10IC for availing the lower tax regime. This article provides a comprehensive analysis of the case, exploring the grounds of appeal raised by the assessee, the findings of the Commissioner of In

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