Technical Glitch Not Fatal – ITAT Allows 115BAA Despite Late Form 10-IC

Siddhi Procon Pvt. Ltd. Vs ITO (ITAT Surat)

Assessee opted for concessional tax regime u/s 115BAA. Audit was completed on 07.09.2022; due date for ITR & Form 10-IC was 07.11.2022. Due to portal glitches (as demonstrated by screenshots), Form 10-IC could be filed only on 10.11.2022 &  return on 11.11.2022. CPC therefore processed return u/s 143(1) under regular tax regime. CIT(A) affirmed this.

Tribunal noted   that CBDT Circular 17/2024 dated 18.11.2024 permits condonation for Form 10-IC delays for AYs 2020-21 to 2022-23 where return is filed with

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