https://www.taxtmi.com/caselaws?id=790333 The option to opt for the new tax regime through Form 10-IE was treated as directory rather than mandatory where the form was available with the processing authority at the time of intimation under Section 143(1). The assessee's belated filing within the processing record could not be ignored, and rectification under Section 154 was not to be refused solely on that basis. The intimation processed under the old tax regime was therefore incorrect, and the return was directed to be amended by giving effect to Form 10-IE and applying the new tax regime. The issue was decided in favour of the assessee, with the alternative ground rendered infructuous. en-us Tue, 21 Apr 2026 00:00:00 +0530 Thu, 23 Apr 2026 09:59:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790333 The option to opt for the new tax regime through Form 10-IE was treated as directory rather than mandatory where the form was available with the processing authority at the time of intimation under Section 143(1). The assessee's belated filing within the processing record could not be ignored, and rectification under Section 154 was not to be refused solely on that basis. The intimation processed under the old tax regime was therefore incorrect, and the return was directed to be amended by giving effect to Form 10-IE and applying the new tax regime. The issue was decided in favour of the assessee, with the alternative ground rendered infructuous. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790333