Section 115BAB

Case law › Section 115BAB

Section 115BAB — the law in short

What the courts have decided on section 115BAB, in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.

Royal LED Equipments Pvt. Ltd. v CCIT High CourtHelps taxpayerValidity unconfirmed
I claimed the 15 per cent rate under s.115BAB in my return but the portal would not accept Form 10-ID before the due date. My s.119(2)(b) application was rejected before Circular No. 17/2024 came out, so the Department says it can do nothing. Where does that leave me?

The Gujarat High Court set the rejection aside and directed the authorities to accept the Form 10-ID filed on 12 September 2022 as legal and valid. Once the benefit is claimed in the return, the filing of the separate form is merely procedural and should not be denied where the assessee shows sufficient cause; and the very fact that the Board had to issue Circulars 6/2022, 19/2023 and 17/2024 established that assessees had faced a real problem in filing Forms 10-IC and 10-ID in time.

Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.

Section 115BAB — 1 entry

Royal LED Equipments Pvt. Ltd. v CCIT

I claimed the 15 per cent rate under s.115BAB in my return but the portal would not accept Form 10-ID before the due date. My s.119(2)(b) application was rejected before Circular No. 17/2024 came out, so the Department says it can do nothing. Where does that leave me?

High CourtHelps taxpayerValidity unconfirmeds.115BABs.115BAAs.119(2)(b)s.139(1)s.143(1)

Explained in this library

What section 115bab does, in plain English, before you read what the courts made of it.

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