ITAT allowed the assessee's appeal, permitting benefit under New...

ITAT allowed the assessee's appeal, permitting benefit under New Tax Regime u/s.115BAC. The Tribunal found the Form No.10IE filing valid for A.Y. 2023-24, as submitted prior to the statutory return filing deadline. Despite a belated Form No.10IE for A.Y. 2022-23, the Tribunal followed precedent in Akshay Devendra Birari case, recognizing the assessee's option for the new tax regime. The decision emphasizes that timely option submission for the relevant assessment year determines eligibility for the beneficial tax treatment, effectively granting the assessee relief from the previous denial.