Section 115BAA of the Income Tax Act

The decision most relied on for Section 115BAA is CIT v. Fine Jewellery (India) Ltd. (372 ITR 303), cited in 93 of the 132 judgments on BharatTax that turn on this section.

Leading authorities on Section 115BAA

CIT v. Fine Jewellery (India) Ltd.
372 ITR 303 · 2015 · High Court
93
citing judgments

An assessment order is not erroneous and prejudicial to the revenue merely because it does not explicitly discuss an issue for which the Assessing Officer had raised queries and the assessee had provided a response. In such a scenario, the Principal Commissioner cannot invoke revisionary powers under Section 263.

Mahalakshmi Sugar Mills Co. v. CIT
123 ITR 429 · 1980 · Supreme Court
70
citing judgments

Payments that are compensatory in nature, such as interest paid for the delayed payment of statutory dues like cess, are an allowable business deduction under section 37(1) of the Income-tax Act. Such payments are not considered a penalty for an infringement of law.

Triveni Engg. Works Ltd. v. CIT
144 ITR 732 · 1983 · High Court
61
citing judgments

Interest on arrears of tax is compensatory in nature, not penal, and is therefore an allowable deduction under the Income-tax Act. This decision reversed a previous Full Bench ruling.

Kumar Jagdish Chandra Sinha v. CIT
220 ITR 67 · 1996 · Supreme Court
23
citing judgments
CIT v. Strawboard Manufacturing Company Limited
177 ITR 431 · 1989 · Supreme Court
22
citing judgments
10B in Pr. CIT v. Wipro Ltd.
288 Taxmann 491 · 2022 · Supreme Court
22
citing judgments
Manoj Ahuja (Minor) & ANR. v. Inspecting Assistant Commissioner
150 ITR 696 · 1984 · High Court
17
citing judgments
Vinit Ranawat v. ACIT
88 Taxmann.com 428 · 2017 · Reported
16
citing judgments
CIT v. Sunita Dhaddha
100 Taxmann.com 526 · 2018 · Supreme Court
15
citing judgments
Aprameya Engineering Ltd. v. ITO
164 Taxmann.com 740 · 2024 · ITAT
15
citing judgments

Judgments on Section 115BAA

RAJGOR AGRO LIMITED,AHMEDABAD vs. ITO, WARD-7(2)(1), AHMEDABAD

In the result, the appeal filed by the assessee is hereby allowed

ITA 2105/AHD/2025[2024-25]Status: DisposedITAT Ahmedabad07 Apr 2026AY 2024-25

Bench: Addl./Joint Cit(A), Who Has Confirmed The Disallowance On The Ground That The Assessee Opted For New Tax Regime Under Section 115Baa Of The Act & Filed Form No. 10-Ic On 28.12.2024. Since Both The Return Of Income & Form No. 10-Ic Have Been Filed Belatedly, The Addl./Joint Cit(A) Dismissed The Assessee’S Appeal.

Section 10BSection 10B(5)Section 115BSection 139(1)Section 143(1)Section 72

ELECTRONFAB ENGINEERING PVT LTD,SEEPZ SEZ MUMBAI vs. INCOME TAX OFFICER, MUMBAI

In the result, the appeal of the assessee bearing ITA No

ITA 4828/MUM/2025[2024-25]Status: DisposedITAT Mumbai16 Mar 2026AY 2024-25
For Appellant: Shri Nishit Gandhi, Advocate (virtually appear) & Mrs. Usha DalalFor Respondent: Shri Himanshu Joshi (Sr. DR)
Section 115BSection 115JSection 139(5)Section 143(1)Section 250

GETINGE MEDICAL INDIA PRIVATE LIMITED ,MUMBAI vs. DCIT 2(2)(1), MUMBAI MAHARASHTRA

In the result, appeal filed by the assessee stands partly allowed

ITA 4872/MUM/2024[2020-21]Status: DisposedITAT Mumbai13 Mar 2026AY 2020-21

Bench: Smt. Beena Pillai () & Shri Girish Agrawal ()

Section 115Section 115BSection 142(1)Section 143(2)Section 156Section 234ASection 270ASection 37Section 41Section 41(1)(a)

SUPERTECH EV LIMITED,JHAJJAR vs. ITO EXEMPTION WARD, ROHTAK

In the result the appeal of the assessee is allowed

ITA 6603/DEL/2025[2024-25]Status: DisposedITAT Delhi11 Mar 2026AY 2024-25

Bench: Sh. S. Rifaur Rahman & Sh. Sudhir Kumarassessment Year: 2024-25 Supertech Ev Limited Vs. Adit, Cpc, Bengaluru/ Ito Plot No.150 Sector 16 Exemptions Ward Rohtak Phase 1 Bahadurgarh Jhajjar Haryana-124507 Pan No.Abjcs1671E (Appellant) (Respondent)

Section 115BSection 143(1)Section 154Section 234B

MICROTEK INFRASTRUTURES PRIVATE LIMITED,DELHI vs. PCIT, NEW DELHI

In the result, the appeal of the assessee is dismissed

ITA 3112/DEL/2025[2020-21]Status: DisposedITAT Delhi11 Mar 2026AY 2020-21

Bench: Shri Anubhav Sharma& Shri Amitabh Shukla[Assessment Year:2020-21]

Section 133(6)Section 142(1)Section 143(3)Section 263Section 37(1)Section 68

BADA SAAB PROPERTIES PVT LTD,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 4(1)(1), MUMBAI

In the result, the appeal filed by the assessee is hereby allowed

ITA 4449/MUM/2025[2024-25]Status: DisposedITAT Mumbai23 Feb 2026AY 2024-25

Bench: Shri Om Prakash Kant, Am & Ms. Kavitha Rajagopal, Jm M/S. Badasaab Properties Pvt. Ltd., Deputy Commissioner Of Income 501 Krystal, 206 Waterfield Road, Tax, Bandra (West) Vs. Circle – 4(1)(1), Maharashtra – 400 050 Aayakar Bhavan, Mumbai Pan: Aaacb1642A (Appellant) (Respondent) :

For Respondent: Shri Leyaqat Ali Aafaqui, Sr. AR
Section 115BSection 115JSection 119(2)(b)Section 139(1)Section 143(1)Section 154Section 250

CHOLAMANDALAM MS GENERAL INSURANCE CO. LTD.,CHENNAI vs. PCIT-4,, CHENNAI

ITA 3261/CHNY/2024[2020-21]Status: DisposedITAT Chennai18 Feb 2026AY 2020-21

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunathaआयकर अपील सं./Ita No 3261/Chny/2024 निर्धारण वर्ष/Assessment Year: 2020-21 Cholamandalam Ms General Insurance Company Limited, No. 2 Dare House, Chennai G.P.O, Parrys, Chennai-600001. V. Principal Commissioner Of Income Tax-4, Pcit, Chennai Room No 301, 3Rd Floor, Wanaparthy Block, 121, Mahatma Gandhi Road, Nungambakkam, Chennai-600034 [Pan: Aabcc 6633 K] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से//Assessee By प्रत्योंकों की ओर से/Respondent By सुनवाई की तारीख/Date Of Hearing घोषणाकीतारीख/Date Of Pronouncement : Mr. Sandeep Bagmar, R, Advocate : Mr. Shiva Srinivas, Cit : 25.11.2025 : 18.02.2026 आदेश / Order Per Manu Kumar Giri: This Appeal Filed By The Assessee Is Directed Against The Order Dated 20.11.2024 Passed By The Principal Commissioner Of Income Tax, Chennai-4 (Hereinafter Referred To As "Pcit") U/S. 263 Of The Income Tax Act, 1961, ("The Act") For Assessment Year (Ay) 2020- 21.

Section 142(1)Section 143(2)Section 143(3)Section 144BSection 154Section 263Section 80G

M.B.D PRINTOGRAPHICS PRIVATE LIMITED, DELHI,NEW DELHI vs. DCIT CIRCLE 16(1), DELHI, DELHI

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 1660/DEL/2025[2023-24]Status: DisposedITAT Delhi13 Feb 2026AY 2023-24

Bench: Ms Madhumita Roy & Shri Naveen Chandraassessment Year : 2023-24 Mbd Printographics Private Ltd., Vs. Dcit, Mbd House, Circle-16(1), Gulab Bhavan, Delhi. 6, Bahadur Shah Zafar Marg, New Delhi. Pan: Aaacm9208R (Appellant) (Respondent) Assessee By : Shri Kushal Chopra, Ca Revenue By : Shri Muneesh Rajani, Sr. Dr Date Of Hearing : 22.01.2026 Date Of Pronouncement : 13.02.2026 Order Per Madhumita Roy, Jm:

For Appellant: Shri Kushal Chopra, CAFor Respondent: Shri Muneesh Rajani, Sr. DR
Section 115BSection 119Section 143(1)Section 250

HORIZON HGE ELECTRONIC EQUIPMENT INDIA PVT LTD,GAUTAM BUDDHA NAGAR vs. DCIT,CIRCLE-10(1), DELHI

In the result, the appeal of the assessee is allowed

ITA 2695/DEL/2025[2020-21]Status: DisposedITAT Delhi16 Jan 2026AY 2020-21

Bench: Shri Yogesh Kumar U.S & Shri Manish Agarwal[Assessment Year : 2020-21] Horizon Hge Electronicequipment Vs Dcit India Pvt.Ltd., 1St Floor, Awho, Circle-10(1) Sector-29, Noida Sector-37, S.O- New Delhi Gautam Budh Nagar, Uttar Pradesh-201303. Pan-Aacch0704R Appellant Respondent Assessee By Shri Satyen Sethi, Adv. & Shri A.T.Panda, Adv. Revenue By Shri Rajesh Kumar Dhanesta, Sr.Dr Date Of Hearing 19.11.2025 Date Of Pronouncement 16.01.2026 Order Per Manish Agarwal, Am : The Present Appeal Is Filed By The Assessee Against The Order Dated 05.03.2025 By Ld. Commissioner Of Income Tax (A)/Addl/Jcit(A)-5, Kolkata [“Ld. Cit(A)”] In Appeal No. Addl/Jcit(A)-5 Kolkata/10001/2019-20 Passed U/S 250 Of The Income Tax Act, 1961 [“The Act”] Arising From The Intimation Order Dated 18.12.2021 Passed U/S 143(1) Of The Act Pertaining To Assessment Year 2020-21. 2. Brief Facts Of The Case Are That The Assessee Is A Company, Derived Income From Business & Filed Its Return Of Income On 14.10.2020, Declaring Total Income Of Inr 2,42,00,780/- & Paid Taxes In Terms Of The Concessional Rate Of Tax Provide U/S 115Baa Which Was Denied By Cpc In The Intimation Order Passed U/S 143(1) Of The Act For The Reason That Form 10-Ic Was Filed Delayed.

Section 115BSection 143(1)Section 250

NOIDA TOWERS PRIVATE LIMITED,NEW DELHI vs. DCIT, CIRCLE-16(1), DELHI

ITA 4199/DEL/2024[2020-21]Status: DisposedITAT Delhi16 Jan 2026AY 2020-21

Bench: Ms. Madhumita Roy & Shri Manish Agarwal

Section 115BSection 139(1)Section 143(3)Section 144C(1)Section 144C(13)Section 153Section 92C

VASHISHTHA LUXURY FASHION LIMITED,MUMBAI vs. DEPUTY DIRECTOR OF INCOME-TAX, CENTRALISED PROCESSING CENTER, BENGALURU,

In the result, appeal filed by the assessee is hereby allowed

ITA 1665/MUM/2025[2023-24]Status: DisposedITAT Mumbai12 Jan 2026AY 2023-24

Bench: SHRI OM PRAKASH KANT (Accountant Member), MS. KAVITHA RAJAGOPAL (Judicial Member)

For Appellant: Shri Manish Agarwal(virtually appeared)For Respondent: Shri Annavaram Kosuri, Sr. DR
Section 115BSection 119(2)(b)Section 139(1)Section 139(4)Section 143(1)Section 143(1)(a)Section 250

ASSISTANT COMMISSIONER OF INCOME TAX, DELHI vs. TRIMASTER PRIVATE LIMITED, DELHI

In the result, the appeal of the Revenue is allowed for statistical purposes and Cross Objection of the assessee is dismissed as withdrawn

ITA 955/DEL/2025[2021-22]Status: DisposedITAT Delhi07 Jan 2026AY 2021-22

Bench: Shri Satbeer Singh Godara & Shri Amitabh Shukla, Accountnat Member [Assessment Year: 2021-22 Assistant Commissioner Of Trimaster Private Limited, Income Tax, Room No.192A, 222, Okhla Industrial Estate, First Floor, C.R. Building, Ito, Vs New Delhi-110020 Delhi-110002 Pan-Aaacn0138P Assessee Revenue Cross Objection No.119/Del/2025 (Arising Out Of Ita No.955/Del/2025 ) [Assessment Year: 2021-22 Trimaster Private Limited, Assistant Commissioner Of Income 222, Okhla Industrial Estate, Tax, Room No.192A, First Floor, New Delhi-110020 Vs C.R. Building, Ito, Delhi-110002 Pan-Aaacn0138P Assessee Revenue Assessee By Shri Nitini Kumar Sharma, Ca Revenue By Ms. Ankush Kalra, Sr. Dr Date Of Hearing 05.01.2026 Date Of Pronouncement 07.01.2026

Section 10ASection 115BSection 143(3)Section 32Section 32ASection 33ASection 35Section 35ASection 35C

SATARA ENGINEERING PROJECTS AND EQUIPMENTS PRIVATE LIMITED,SATARA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, SATARA, SATARA

In the result, the appeal filed by the assessee is allowed

ITA 2450/PUN/2025[2024-25]Status: DisposedITAT Pune06 Jan 2026AY 2024-25

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2450/Pun/2025 Assessment Year : 2024-25

For Appellant: Shri Ashwani Kumar &For Respondent: Shri Ganesh B. Budruk
Section 115BSection 139(1)Section 143(1)Section 250

SHARUS STEEL PRODUCTS PRIVATE LIMITED,MUMBAI vs. ITO, WARD 2(3)(1), MUMBAI

In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for In the result, the appeal of the assessee is allowed for statistical purposes

ITA 4903/MUM/2025[2024-25]Status: DisposedITAT Mumbai15 Dec 2025AY 2024-25

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2024-25

For Respondent: Mr. Dharmesh Shah/
Section 115BSection 115JSection 143(1)Section 250

SIDDHI PROCON PVT LTD,SURAT vs. ITO, WARD 2(1)(3), SURAT

In the result, the appeal of the assessee is partly allowed for statistical purposes

ITA 458/SRT/2025[2022-23]Status: DisposedITAT Surat03 Dec 2025AY 2022-23

Bench: Ms. Suchitra R. Kamble & Shri Bijayananda Pruseth, Accountnat Member Assessment Year: 2022-23 Siddhi Procon Pvt. Ltd., Income-Tax Officer, 522, Lalbhai Contractor Complex, Ward 2(1)(3), Nr. Old Library, Nanpura, बनाम/ Surat Surat-395001 Vs. [Pan : Aaocs 6071 J] (Appellant) (Respondent) Assessee By Shri Suresh K. Kabra, Ca Revenue By Ms. Neerja Sharma, Sr Dr Date Of Hearing 18.11.2025 Date Of Pronouncement 03.12.2025 आदेश/ O R D E R Per Ms. Suchitra R. Kamble:

Section 115BSection 139(1)Section 143(1)Section 250

RELIANCE COMMERCIAL DEALERS LIMITED ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 8(1)(1), MUMBAI

In the result, appeal of the assessee stands allowed

ITA 3800/MUM/2025[2021-22]Status: DisposedITAT Mumbai20 Nov 2025AY 2021-22

Bench: Smt. Beena Pillai () & Smt. Renu Jauhri ()

Section 142(1)Section 143(1)Section 143(1)(a)Section 143(2)Section 143(3)Section 244A

RAMBALRAAM CHAINSS PRIVATE LIMITED,AGRA vs. INCOME TAX OFFICER WARD 1(1)(1), AGRA, AGRA

In the result the appeal of the assessee is allowed for statistical purposes

ITA 315/AGR/2025[2023-24]Status: DisposedITAT Agra19 Nov 2025AY 2023-24

Bench: Shri M. Balaganesh(Through Virtual Hearing) Rambalraam Chainss Pvt. Ltd, Vs. Ito, 1/98 & 1/99, Kasera Bazar, Ward-1(1)(1), Johari Bazar, Agra Fort- Agra 282003, Agra (Appellant) (Respondent) Pan: Aakcr0768H Assessee By : Shri S. C. Jain, Ca Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 16/09/2025 Date Of Pronouncement 19/11/2025

For Appellant: Shri S. C. Jain, CAFor Respondent: Shri Anil Kumar, Sr. DR
Section 115BSection 139(1)Section 143(1)Section 234B

UDAY INFRASTRUCTURE INTERNATIONAL PVT. LTD.,AHMEDABAD vs. THE ITO, WARD-4(1)(1), AHMEDABAD

In the result, the appeal filed by the Assessee is allowed for statistical purpose

ITA 1700/AHD/2025[2021-22]Status: DisposedITAT Ahmedabad17 Nov 2025AY 2021-22

Bench: Final Hearing Of The Appeal.

Section 115Section 115BSection 143(1)Section 234A

OSTTRA INDIA SERVICES PRIVATE LIMITED,DELHI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 19(1), CR BUILDING, DELHI, DELHI

In the result, the appeal of the assessee is allowed for statistical purpose

ITA 3484/DEL/2025[2023-24]Status: DisposedITAT Delhi12 Nov 2025AY 2023-24

Bench: Sh. S. Rifaur Rahman & Sh. Sudhir Kumarassessment Year: 2023-24 Osttra India Services Private Vs Assistant Commissioner Limited Lgf.A-16/9 Vasant Of Income Tax, Circle Vihar, South-West Delhi, New 1991) Cr Building, Delhi Delhi 110057 Pan No. Aaocm6253C (Appellant) (Respondent)

Section 115BSection 138(1)Section 139Section 139(1)Section 143(1)Section 234B

STAUBLI TEC SYSTEMS INDIA PRIVATE LIMITED,MUMBAI vs. INCOME-TAX OFFICER, WARD 11(2)(1), MUMBAI

In the result, grounds of appeal

ITA 3968/MUM/2024[2020-21]Status: DisposedITAT Mumbai31 Oct 2025AY 2020-21

Bench: Shri Pawan Singh& Smt Renu Jauhri(Physical Hearing) Staubli Tec Systems India Private Ito Ward-11(2)(1), Limited, Khata No. 2782, Site No. 7, Vs 4Th Floor, Aayakar Bhawan, Pid No.-003, W0487-2, Yelahanka, M.K. Road, New Town Bangalore, Karnataka Mumbai-400020, [Pan: Aarcs 0744 D] Appellant / Assessee Respondent / Revenue

Section 11Section 115BSection 154Section 254(1)

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