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Delay in filing Form 10-IC not condoned as option of lower taxation u/s. 115BAA not selected in return
Case Law Details
- Case Name
- Sarla Holdings Private Limited Vs PCIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All High Courts, Delhi High Court
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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 Un...
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