https://www.taxtmi.com/highlights?id=80311 Filing of Form 10-IE to opt for the new tax regime u/s 115BAC is directory, not mandatory. If filed before assessment, the Assessing Officer must consider it. The requirement to file Form 67 for Foreign Tax Credit before the due date u/s 139(1) is also directory. Technical glitches preventing timely filing should not deprive the assessee of benefits, as held by the High Court. The Tribunal directed the CPC to consider Form 10-IE filed by the assessee and pass appropriate orders, allowing the appeal for statistical purposes. en-us Sat, 10 Aug 2024 09:04:57 +0530 Sat, 10 Aug 2024 09:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80311 Filing of Form 10-IE to opt for the new tax regime u/s 115BAC is directory, not mandatory. If filed before assessment, the Assessing Officer must consider it. The requirement to file Form 67 for Foreign Tax Credit before the due date u/s 139(1) is also directory. Technical glitches preventing timely filing should not deprive the assessee of benefits, as held by the High Court. The Tribunal directed the CPC to consider Form 10-IE filed by the assessee and pass appropriate orders, allowing the appeal for statistical purposes. Highlights Income Tax Sat, 10 Aug 2024 09:04:57 +0530 https://www.taxtmi.com/highlights?id=80311