ITAT Allows Reduced Tax Rate Under Section 115BAA, Considering Due Date Extension for Form 10-IC Filing

Sunpack Barrier Films Pvt Ltd Vs ADIT (ITAT Ahmedabad)

The case involves an appeal by Sunpack Barrier Films Pvt Ltd against a decision by the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, regarding Assessment Year 2021-22. Sunpack Barrier Films Pvt Ltd, engaged in manufacturing plain flexible films, opted for taxation under Section 115 BAA of the Income Tax Act, 1961, at a reduced rate. However, the Centralized Processing Center (CPC) calculated tax without considering this option, leading to additional tax demand. The Ld. CIT(A) dismissed the ap

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