No need to file Form 10EE every year once it has been filed for a year: ITAT Mumbai

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....