https://www.taxtmi.com/forum/issue?id=116986 An election to be taxed under the concessional regime, once exercised in Form No.10IC, is irrevocable and cannot be withdrawn for that or any other previous year; however, the election becomes automatically invalid if the assessee breaches the statutory eligibility conditions, which may affect entitlement to benefits or obligations under the prior provisions. en-us Fri, 29 Jan 2021 18:56:46 +0530 Thu, 23 Jan 2025 15:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116986 An election to be taxed under the concessional regime, once exercised in Form No.10IC, is irrevocable and cannot be withdrawn for that or any other previous year; however, the election becomes automatically invalid if the assessee breaches the statutory eligibility conditions, which may affect entitlement to benefits or obligations under the prior provisions. Discussion-Forum Income Tax Fri, 29 Jan 2021 18:56:46 +0530 https://www.taxtmi.com/forum/issue?id=116986