Tag: new tax regime
New Tax Regime benefit granted despite belated filing of Form 10IE in view of directions of Supreme Court for exclusion of covid period from limitation In a recent judgment, ITAT Bangalore has held that the failure to file the Form 10IE on or before the due date for …
Date of dispatch of Speed Post of duly verified ITR-V shall be considered for the purpose of determination of 30 days period – ITAT In a recent judgment, ITAT Chandigarh has allowed the benefit of New Tax Regime to the assesee as the date of dispatch of Speed …
CBDT waives demand raised up to 31.12.2025 of tax on income chargeable to tax at special rates where new tax regime had been opted. Order under section 119 of the Income-tax Act, 1961 for waiver of interest payable under section 220(2) due to late payment of demand, in …
Assessee who inadvertently opted out of new tax regime eligible for deductions under chapter VIA though not claimed in the return of income – ITAT In a recent judgment, ITAT Chennai has held that assessee,who inadvertently opted out of new tax regime, was eligible for deductions under chapter …
No bar to upload Form 10IE, for opting New Tax Regime in subsequent Assessment Year, even after one Form 10IE for previous Assessment Year stands rejected due to its late submission i.e. beyond the due date – ITAT In a recent judgment, ITAT Jaipur has asked CBDT to …
ITAT allows benefit of New Tax Regime holding that Form No. 10IE is not mandatory but directory in nature In a recent judgment, ITAT Pune has held that that it is not a mandatory requirement for filing of Form No.10IE but directory in nature. ITAT allowed benefit of …
