Case Law Details
Case Name : Jignesh Naresh Jariwala Vs Deputy Director of Income Tax (ITAT Mumbai): I.T.A. No.4673/Mum/2025
Related Assessment Year :
Courts :
All ITAT ITAT Mumbai
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Jignesh Naresh Jariwala Vs Deputy Director of Income Tax (ITAT Mumbai)
In the case of Jignesh Naresh Jariwala vs. Deputy Director of Income Tax, the Income Tax Appellate Tribunal (ITAT), Mumbai, addressed the issue of a taxpayer being denied a benefit under Section 89A of the Income Tax Act for not filing Form 10EE in a subsequent assessment year, even though they had filed it in a previous year. The Tribunal ruled in favor of the taxpayer, clarifying that once Form 10EE is submitted, the option for deferred taxation on foreign retirement accounts applies automatically to all subsequent years....
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Is this form retroactive? What happens if the person is filing it late and does not have the means to pay the unrealised gains?