New Tax Regime Benefit Allowed Despite One-Day Delay in Form 10IE Filing: ITAT Surat

Meenaben Maheshchandra Patel Vs ITO (ITAT Surat)

The Surat Bench of the Income Tax Appellate Tribunal examined an appeal filed by an individual assessee against an order of the National Faceless Appeal Centre confirming taxation under the old tax regime for Assessment Year (AY) 2023–24. The assessee had filed her return of income on 28 July 2023 declaring income of ₹15,58,470 and had opted for taxation under the new tax regime provided under Section 115BAC of the Income-tax Act, 1961. However, while processing the return under Section 143(1), the Centralised Processing Centre c

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