Assessee filed return of income and opted for taxation under section 115BAA. It had not filed Form No. 10-IC even within extended time and thereafter when it attempted to file Form No. 10-IC, e-portal did not permit filing of Form No. 10-IC in view of the delay. Competent Authority rejected assessee\u2019s application filed under section 119(2)(b) seeking condonation of delay. On writ, the Court held that failure of the assessee to file Form 10-IC within the period stipulated under Section 115BAA would cause genuine hardship to assessee, and thus it was desirable as expedient to permit the assessee to file Form 10-IC. Order passed under section 119(2)(b) was set aside and the revenue was to be directed to keep the portal open to enable the assessee to upload Form No. 10-IC. (AY. 2020-21) (SJ)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 115BAA: Tax on income of certain domestic companies. Concessional tax regime -Delay in filing Form 10IC-Order of rejection set aside-Department directed to keep portal open to enable assessee to upload Form 10-IC and directed the assessee to file Form 10-IC within four weeks and the Department to deal with the claim of the assessee under section 115BAA on merits and in accordance with law. [S.119(2)(b), Art. 226] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-65048","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gVa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=65048"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65048\/revisions"}],"predecessor-version":[{"id":65049,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/65048\/revisions\/65049"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=65048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=65048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=65048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}