https://www.taxtmi.com/caselaws?id=463419 ITAT DELHI - AT allowed the taxpayer's claim to opt into the new tax regime under section 115BAA despite Form 10IC being filed after the due date under section 139(1) but before filing under section 139(4). The tribunal found the taxpayer's intention was evident from the tax audit report and treated the Form 10IC requirement as directory rather than mandatory. The AO was directed to recompute income under the new tax regime; the taxpayer's grounds were allowed. en-us Tue, 26 Nov 2024 00:00:00 +0530 Mon, 01 Sep 2025 19:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463419 ITAT DELHI - AT allowed the taxpayer's claim to opt into the new tax regime under section 115BAA despite Form 10IC being filed after the due date under section 139(1) but before filing under section 139(4). The tribunal found the taxpayer's intention was evident from the tax audit report and treated the Form 10IC requirement as directory rather than mandatory. The AO was directed to recompute income under the new tax regime; the taxpayer's grounds were allowed. Case-Laws Income Tax Tue, 26 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463419