No Denial of Concessional Tax Rate Due to Technical Glitch on ITBA portal

PCIT Vs KGY Glass Industries (P) Ltd (Gujarat High Court) Benefit For Concessional Tax Rate On Account Of Technical Glitch In Uploading Of Form 10IC Cannot Be Denied In a recent judgment, the Gujarat High Court addressed the issue of whether a taxpayer could be denied the benefit of a concessional tax rate under section 115BAA of the Income Tax Act due to a technical glitch in filing Form 10-IC for the assessment year 2020-21. The case of PCIT Vs KGY Glass Industries (P) Ltd highlights the importance of procedural compliance and the consequences of a failure to adhere to tax-related deadlines....