IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “SMC”, PUNE BEFORE SHRI R. K. PANDA, VICE PRESIDENT Assessment year : 2020-21 Srisanved Aadimaya Industries Pvt. Ltd. ITO, Sangli Block J 41, MIDC-Kupwad, Kupwad Vs.

MIDC Area S.O., Sangli – 416436 PAN: ABBCS4977K (Appellant) (Respondent) Assessee by : Shri Pramod S Shingte Department by : Shri Arvind Renge, Addl. CIT (virtual)

Date of hearing : 04-03-2026 Date of pronouncement : 05-03-2026

O R D E R

PER R.K. PANDA, VP:

This appeal filed by the assessee is directed against the order dated

09.09.2025 of the Ld. Addl / JCIT(A), Bhubaneswar relating to assessment year

2020-21.

2. Facts of the case, in brief, are that the assessee is a company and filed its return of income on 13.02.2021 opting the provisions of section 115BAA of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). However, the assessee did not file Form No.10-IC for which the CPC while processing the return of income u/s 143(1) of the Act computed the tax liability @ 30% instead of 22%.

3. Before the Ld. Addl. / JCIT(A) it was submitted that filing of Form 10-IC is a procedural requirement which need not be considered to be fatal to the claim of concessional rate of