https://www.taxtmi.com/caselaws?id=793648 Section 115BAC permits an eligible assessee to opt for the new tax regime in the prescribed manner, and a validly exercised option continues for subsequent assessment years unless withdrawn. Where Form 10IE had already been filed in an earlier year and remained on record, the benefit could not be denied for the current year merely because no fresh form was filed. The Tribunal followed the coordinate bench view and held that the assessee remained entitled to taxation under section 115BAC for the year under appeal. en-us Fri, 05 Jun 2026 00:00:00 +0530 Fri, 19 Jun 2026 17:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793648 Section 115BAC permits an eligible assessee to opt for the new tax regime in the prescribed manner, and a validly exercised option continues for subsequent assessment years unless withdrawn. Where Form 10IE had already been filed in an earlier year and remained on record, the benefit could not be denied for the current year merely because no fresh form was filed. The Tribunal followed the coordinate bench view and held that the assessee remained entitled to taxation under section 115BAC for the year under appeal. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793648