https://www.taxtmi.com/caselaws?id=469575 A taxpayer who had validly opted for the new tax regime under section 115BAC in an earlier year was held entitled to continue that option in the subsequent year without filing a fresh Form 10IE, provided the earlier option had not been withdrawn and the return for the year under appeal was filed within the due date under section 139(1). The belated filing of Form 10IE in the earlier year did not invalidate the exercise of option itself. On that basis, the adjustment made while processing the return under section 143(1) to deny the concessional regime was unsustainable, and the consequential demand based on the normal regime could not be sustained. en-us Thu, 26 Mar 2026 00:00:00 +0530 Mon, 22 Jun 2026 19:00:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469575 A taxpayer who had validly opted for the new tax regime under section 115BAC in an earlier year was held entitled to continue that option in the subsequent year without filing a fresh Form 10IE, provided the earlier option had not been withdrawn and the return for the year under appeal was filed within the due date under section 139(1). The belated filing of Form 10IE in the earlier year did not invalidate the exercise of option itself. On that basis, the adjustment made while processing the return under section 143(1) to deny the concessional regime was unsustainable, and the consequential demand based on the normal regime could not be sustained. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469575