https://www.taxtmi.com/caselaws?id=466274 Filing Form 10-IC/10IE to opt into the new tax regime is directory, not mandatory; compliance is satisfied if the election is filed or available before the assessing officer during assessment, and the taxpayer may still obtain the regime's benefits if the form remains effective at assessment. Where the election was filed electronically within the time window permitted by the relevant CBDT circular or its prescribed extension, delay in original filing for the earlier assessment year is liable to be condoned; accordingly the assessing authority's allowance of the claim was sustained and the revenue's challenge was rejected. en-us Fri, 28 Feb 2025 00:00:00 +0530 Sat, 31 Jan 2026 19:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466274 Filing Form 10-IC/10IE to opt into the new tax regime is directory, not mandatory; compliance is satisfied if the election is filed or available before the assessing officer during assessment, and the taxpayer may still obtain the regime's benefits if the form remains effective at assessment. Where the election was filed electronically within the time window permitted by the relevant CBDT circular or its prescribed extension, delay in original filing for the earlier assessment year is liable to be condoned; accordingly the assessing authority's allowance of the claim was sustained and the revenue's challenge was rejected. Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466274