Delay in filing Form 10-IC not condoned as option of lower taxation u/s. 115BAA not selected in return

Sarla Holdings Private Limited Vs PCIT (Delhi High Court) Delhi High Court held that delay in filing Form 10-IC couldn’t be condoned as condition of opting for availing lower taxation under section 115BAA of the Income Tax Act in return is not satisfied. Accordingly, petition is dismissed. Facts- The petitioner has filed the present petition, inter alia, impugning the order dated 29.11.2023 passed by the Principal Commissioner of Income Tax, Delhi – 07 rejecting the petitioner’s application for revision of the assessment order dated 21.09.2022 passed by the Assessment Unit u/s. 143(3) r....