https://www.taxtmi.com/caselaws?id=778160 ITAT RAIPUR - AT dismissed the appeal, holding that the revised return under s.139(5) filed after the due date for the original return under s.139(1) could not validly exercise the option for the new tax regime under s.115BAC. Because the option deadline (31.07.2022) lapsed before the revised return (05.08.2022), the AO/CPC correctly ignored the option. The tribunal rejected reliance on contrary case law, emphasizing strict compliance with fiscal provisions, and upheld the statutory interpretation. en-us Mon, 08 Sep 2025 00:00:00 +0530 Thu, 11 Sep 2025 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778160 ITAT RAIPUR - AT dismissed the appeal, holding that the revised return under s.139(5) filed after the due date for the original return under s.139(1) could not validly exercise the option for the new tax regime under s.115BAC. Because the option deadline (31.07.2022) lapsed before the revised return (05.08.2022), the AO/CPC correctly ignored the option. The tribunal rejected reliance on contrary case law, emphasizing strict compliance with fiscal provisions, and upheld the statutory interpretation. Case-Laws Income Tax Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778160