Horizon HGE Electronic Equipment India Pvt. Ltd. vs DCIT
Case No: ITA No.2695/Del/2025
Court: Income Tax Appellate Tribunal, Delhi 'B' Bench, New Delhi
Date: 1/16/2026
Parties Involved
appellantHorizon HGE Electronic Equipment India Pvt. Ltd.
respondentDCIT Circle-10(1) New Delhi
Facts Summary
The assessee, Horizon HGE Electronic Equipment India Pvt. Ltd., is a company that derived income from business and filed its return of income on 14.10.2020, declaring a total income of INR 2,42,00,780/- and paid taxes at the concessional rate provided under section 115BAA of the Income Tax Act, 1961. However, the Central Processing Centre (CPC) denied the concessional rate in the intimation order dated 18.12.2021 passed under section 143(1) of the Act for the reason that Form 10-IC was filed del…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee should have been taxed at the concessional rate under section 115BAA of the Income Tax Act, 1961.
- 2. Whether the assessee was entitled to be taxed under section 115BAA despite the delayed filing of Form 10-IC.
2 more legal issues analysed in this judgement.
Precedents Relied Upon
4 precedents cited in this judgement.