https://www.taxtmi.com/caselaws?id=772698 ITAT Bangalore allowed the appeal where the assessee originally opted for old tax regime but later filed revised return claiming new tax regime benefits under section 115BAC. The processing authority denied both new regime benefits and old regime deductions. The tribunal held that since the assessee was ultimately taxed under old regime and not section 115BAC, the assessee must be allowed deductions specified in sub-sections (2) and (3) of section 115BAC. The AO was directed to grant the denied deductions available under the old regime. en-us Mon, 09 Jun 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772698 ITAT Bangalore allowed the appeal where the assessee originally opted for old tax regime but later filed revised return claiming new tax regime benefits under section 115BAC. The processing authority denied both new regime benefits and old regime deductions. The tribunal held that since the assessee was ultimately taxed under old regime and not section 115BAC, the assessee must be allowed deductions specified in sub-sections (2) and (3) of section 115BAC. The AO was directed to grant the denied deductions available under the old regime. Case-Laws Income Tax Mon, 09 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772698