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![Once Exercised, Section 115BAB Option Applies to Subsequent Years: ITAT Allows 15% Concessional Tax Rate [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125081-section-115bab-option-applies-subsequent-itat-allows-concessional-tax-rate-taxscan.webp "Once Exercised, Section 115BAB Option Applies to Subsequent Years: ITAT Allows 15% Concessional Tax Rate [Read Order]")
Once Exercised, Section 115BAB Option Applies to Subsequent Years: ITAT Allows 15% Concessional Tax Rate [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that once a manufacturing company validly exercises the option for concessional...
![ITAT Allows Application of S.115BAB Tax Rate, Citing Prior Order Recognizing Assessee as Manufacturer [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/2094921-itat-application-s115bab-tax-rate-taxscan.webp "ITAT Allows Application of S.115BAB Tax Rate, Citing Prior Order Recognizing Assessee as Manufacturer [Read Order]")
![Form 10 ID must be Filed within Due Date Specified u/s 139(1) for availing Concessional Rate u/s 115BAB : ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/2071446-itat-itat-ahmedabad-itat-restores-matter-to-ao-taxscan.webp "Form 10 ID must be Filed within Due Date Specified u/s 139(1) for availing Concessional Rate u/s 115BAB : ITAT [Read Order]")
![CBDT notifies Form 10-IC and Form 10-ID for Concessional Corporate Taxation [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/CBDT-Filing-Tax-Taxscan.jpg "CBDT notifies Form 10-IC and Form 10-ID for Concessional Corporate Taxation [Read Notification]")