New Tax Regime Benefit Allowed as Form 10IE Once Filed Continues for Subsequent Years

Advertisement Sandeep Kumar Vs ITO (ITAT Delhi) The Delhi Income Tax Appellate Tribunal (ITAT) allowed the assessee’s appeal concerning denial of the benefit of the new tax regime under Section 115BAC of the Income-tax Act for AY 2023-24. The appeal challenged the order of the JCIT(A), which had upheld the demand raised by the Central Processing Centre (CPC) after processing the return under the old tax regime instead of the new tax regime claimed by the assessee. The assessee had filed the return of income for AY 2023-24 on 28.10.2023 under the new tax regime. The return was processe...