https://www.taxtmi.com/caselaws?id=784035 Denial of concessional tax under s.115BAC solely because Form 10IE was not filed by the due date u/s 139(1) was held unsustainable where the assessee had opted for the new regime, filed Form 10IE with the revised return, and the form was available to the AO during assessment. Relying on coordinate bench decisions treating the timing requirement for Form 10IE as directory (substantial compliance being that the form is on record at assessment), the Tribunal held the benefit under s.115BAC could not be refused on a mere technical lapse. The AO was directed to grant the new-regime rates after considering the filed Form 10IE, and the appeal was allowed. en-us Thu, 27 Nov 2025 00:00:00 +0530 Sat, 27 Dec 2025 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784035 Denial of concessional tax under s.115BAC solely because Form 10IE was not filed by the due date u/s 139(1) was held unsustainable where the assessee had opted for the new regime, filed Form 10IE with the revised return, and the form was available to the AO during assessment. Relying on coordinate bench decisions treating the timing requirement for Form 10IE as directory (substantial compliance being that the form is on record at assessment), the Tribunal held the benefit under s.115BAC could not be refused on a mere technical lapse. The AO was directed to grant the new-regime rates after considering the filed Form 10IE, and the appeal was allowed. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784035