Tax Regime Benefits Upheld: Form 10-IE Filing Deemed Directory, Allowing Substantial Relief for Taxpayer

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....ITAT allowed assessee's appeal, directing CPC to reconsider Form 10-IE and grant new tax regime benefits. The tribunal determined that Form 10-IE filing is directory, not mandatory, and minor technical non-compliance should not disqualify substantial tax benefit. Despite delayed return filing during extended period, the form was available with CPC during return processing. Technical glitches and portal issues were acknowledged. The decision emphasizes procedural flexibility and substantive compliance over strict literal interpretation, enabling taxpayer to access lower tax rate under section 115BAC.....