https://www.taxtmi.com/caselaws?id=784830 Challenge to denial of the new tax regime option due to late filing of Form 10-IE and return was considered; the legal position that a mere procedural lapse should not deprive a taxpayer of the new regime was noted, but a short delay in filing the return propelled reconsideration. The matter was remanded to the Assessing Officer for fresh adjudication and opportunity to substantiate claims, and the Tribunal directed verification of alternative claims for deductions under the old regime so that allowable deductions are granted if the new regime is not available. en-us Mon, 28 Apr 2025 00:00:00 +0530 Tue, 13 Jan 2026 08:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784830 Challenge to denial of the new tax regime option due to late filing of Form 10-IE and return was considered; the legal position that a mere procedural lapse should not deprive a taxpayer of the new regime was noted, but a short delay in filing the return propelled reconsideration. The matter was remanded to the Assessing Officer for fresh adjudication and opportunity to substantiate claims, and the Tribunal directed verification of alternative claims for deductions under the old regime so that allowable deductions are granted if the new regime is not available. Case-Laws Income Tax Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784830