https://www.taxtmi.com/caselaws?id=774359 The ITAT Mumbai dismissed the Revenue's appeal regarding denial of lower tax rate under section 115BAA. The AO had rejected the assessee's claim for new tax regime benefits, arguing that Form 10-IC was signed by the Chairman but not digitally verified by him. The ITAT held that the e-filing portal allows multiple key persons to be registered, and the system automatically changes the signatory name when different key persons download the form as principal contact, while maintaining the original acknowledgment with the verifier's PAN. The tribunal found no infirmity in the form submission and confirmed the CIT(A)'s order allowing the new tax regime benefits. en-us Thu, 26 Jun 2025 00:00:00 +0530 Tue, 08 Jul 2025 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774359 The ITAT Mumbai dismissed the Revenue's appeal regarding denial of lower tax rate under section 115BAA. The AO had rejected the assessee's claim for new tax regime benefits, arguing that Form 10-IC was signed by the Chairman but not digitally verified by him. The ITAT held that the e-filing portal allows multiple key persons to be registered, and the system automatically changes the signatory name when different key persons download the form as principal contact, while maintaining the original acknowledgment with the verifier's PAN. The tribunal found no infirmity in the form submission and confirmed the CIT(A)'s order allowing the new tax regime benefits. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774359