https://www.taxtmi.com/highlights?id=80035 Assessee opted for special tax rate u/s 115BAC but CPC denied benefit citing non-filing of Form-10-IE. ITAT held that Section 115BAC(5)(ii) allows salaried employees to exercise option without filing Form-10-IE, applicable only for business/profession income. Assessee followed procedure under Act, hence ITAT set aside Revenue Authorities' order and allowed assessee's appeal. en-us Fri, 02 Aug 2024 08:12:21 +0530 Fri, 02 Aug 2024 08:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80035 Assessee opted for special tax rate u/s 115BAC but CPC denied benefit citing non-filing of Form-10-IE. ITAT held that Section 115BAC(5)(ii) allows salaried employees to exercise option without filing Form-10-IE, applicable only for business/profession income. Assessee followed procedure under Act, hence ITAT set aside Revenue Authorities' order and allowed assessee's appeal. Highlights Income Tax Fri, 02 Aug 2024 08:12:21 +0530 https://www.taxtmi.com/highlights?id=80035