$~7 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 9^th April, 2026 + W.P.(C) 2625/2026 & CM APPL. 12771/2026 VRG ELECTRONICS PVT LTD .....Petitioner Through: Mr. Shahrukh Ejaz & Mr. Ganiul Hakim, Advs.

versus PRINCIPAL COMMISSIONER OF INCOME TAX DELHI 7 &

ANR. .....Respondents Through: Mr. Puneet Rai, SSC with Mr.Ashvini Kumar, JSC CORAM:

HON'BLE MR. JUSTICE DINESH MEHTA HON'BLE MR. JUSTICE VINOD KUMAR

JUDGMENT

DINESH MEHTA, J. (ORAL)

1. By way of the present writ petition the petitioner has challenged order dated 12.12.2025, passed by the Principal Commissioner of Income Tax, PCIT, Delhi-7 (hereinafter referred to as ‘the Commissioner’) whereby the petitioner’s application under Section 119(2)(b) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act of 1961’) was rejected.

2. The order impugned was passed pursuant to an application which was filed by the petitioner-assessee on 20.11.2025, wherein it had sought condonation of delay in filing Form 10IC (hereinafter referred to as ‘the Form’) for AY 2023-24, which is necessary for exercising the option under Section 115BAA of the Act of 1961.

3. By moving the application, the assessee had submitted that though it was