https://www.taxtmi.com/caselaws?id=770791 ITAT Amritsar allowed the assessee's appeal regarding denial of lower tax rate under section 115BAC. The CPC had rejected the benefit because Form 10-IE was not filed electronically before the due date under section 139(1). The Tribunal held that filing Form 10-IE is directory, not mandatory, and minor technical lapses cannot deny substantial benefits. Since the form was available with CPC during return processing under section 143(1) and the return was filed within the extended period due to technical glitches, the Tribunal directed CPC to allow the new tax regime benefit. en-us Mon, 10 Mar 2025 00:00:00 +0530 Thu, 15 May 2025 12:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770791 ITAT Amritsar allowed the assessee's appeal regarding denial of lower tax rate under section 115BAC. The CPC had rejected the benefit because Form 10-IE was not filed electronically before the due date under section 139(1). The Tribunal held that filing Form 10-IE is directory, not mandatory, and minor technical lapses cannot deny substantial benefits. Since the form was available with CPC during return processing under section 143(1) and the return was filed within the extended period due to technical glitches, the Tribunal directed CPC to allow the new tax regime benefit. Case-Laws Income Tax Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770791