9911796707
TMI Blog2024 (5) TMIX X X X Extracts X X X X X X X X Extracts X X X X ..... liance on the provisions of section 115BAC - appellant is an individual deriving income under the head Salaries - HELD THAT:- Admittedly, in the present case, the original return of income was filed on 29.07.2022 under the Old Tax Regime which was revised on 10.08.2022 under the New Tax Regime. Once the original return of income is substituted by filing a valid revised return, the natural conseque ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the CPC. Accordingly, the appeal filed by the assessee stands dismissed. - Shri Inturi Rama Rao, Accountant Member And Ms. Astha Chandra, Judicial Member For the Assessee : None For the Revenue : Shri R.Y. Balawade ORDER PER INTURI RAMA RAO, AM: This is an appeal filed by the assessee directed against the order of Addl./JCIT(A)-2, Jaipur dated 28.12.2023 for the assessment year 2022- 23. 2. Br ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... visions of section 115BAC of the Act. 4. Being aggrieved, the appellant is in appeal before the Tribunal in the present appeal. 5. When the appeal was called on, none appeared on behalf of the appellant despite due service of notice of hearing. After hearing the ld. DR and perusing the material on record, we proceed to dispose of the appeal ex parte qua the appellant. 6. On the other hand, the ld. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ITR 156 (Kar) and CIT Vs. Machine Tool Corporation of India Ltd. (1993) 201 ITR 101(Kar) to fortify our view. Admittedly, under the provisions of section 115BAC, once the assessee opts for the New Tax Regime, he is not entitled to either the standard deduction u/s. 16 or the Chapter VIA deductions. The CPC had rightly processed the return of income. Therefore, we do not find any error in the appr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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