2025 (12) TMI 735

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....ng heard rival submissions and upon perusal of case records, the appeal is disposed-off as under. 2. From case records, it emerges that the assessee e-filed its return of income on 24-07-2023. The return was e-verified on 24-08- 2023. The assessee opted for new tax regime u/s 115BAC. The CPC denied this benefit on the ground that the return of income was required to be e-verified before the expiry of 30 days from the date of filing of return of income. Since the e-verification was done beyond that time limit, the benefit of new regime was denied to the assessee. The Ld. CIT(A) confirmed the action on the ground that the return was e-verified on 24-08-2023 which was after due date of return of income being 31-07-2023. The Ld. CIT(A) refer....

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....0 days. Later, the CBDT extended the time limit for filing ITR-V to 120 days from the date of uploading the return of income. (Press Release, dated 27-1-2010). 3. The CBDT vide Notification no. 2/2012/F.No. 142/27/2011-SO (TPL), dated 4-1-2012, notified the Centralised Processing of Returns Scheme, 2011 (CPR Scheme 2011). Rule 14 of CPR Scheme 2011 delegates the power to specify the mode, manner and time for verification of ITR-V. 4. It has been decided that in respect of any electronic transmission of return data on or after the date this Notification comes into effect, the time-limit for e-verification or submission of ITR-V shall now be 30 days from the date of transmitting /uploading the data of return of income electr....