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Section 115BAC Benefit Can’t Be Denied for Technical Delay
Case Law Details
- Case Name
- Sumana Arora Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2022-23
- Courts
- All ITAT, ITAT Bangalore
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Sumana Arora Vs ITO (ITAT Bangalore)
Technical Lapse Shouldn’t Defeat 115BAC Benefit- Form 10-IE Delay Is Procedural: ITAT Restores New Tax Regime Claim
Bangalore ITAT “B” Bench, in Sumana Arora Vs ITO (ITA Nos. 2449 & 2450/Bang/2024, AYs 2022-23 & 2023-24; order dated 31.01.2025), set aside the orders of CPC & CIT(A) and remanded the matter for de-novo consideration of the option exercised u/s 115BAC, holding that mere procedural delay in filing Form 10-IE should not defeat substantive tax benefit.
Assessee had opted for the new tax regime u/s 115BAC by f...
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