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TMI Blog2024 (6) TMI 272X X X X Extracts X X X X X X X X Extracts X X X X ..... income from Futures and Options in shares, filed the Return of Income under section 115BAC - HELD THAT:- Admittedly, the appellant had failed to submit the prescribed Form No.10IE in order to claim the benefit of New Tax Regime before the due date for filing the return of income. Appellant had filed the said form on 10.01.2024 on which date the CPC had processed the return of income u/s. 143(1)(a) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly, the facts of the case are that the appellant is an individual deriving income under the head Salaries and income from Futures and Options in shares. The Return of Income for the A.Y.2023-24 was filed under the provisions of section 115BAC in New Tax Regime on 31.07.2023 declaring income of Rs. 40,54,450/-. The said return of income was processed u/s. 143(1)(a) vide intimation dated 10.01.2024 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e opts for New Tax Regime, he needs to file Form No.10IE before the filing of the income tax return. The assessee in the instant case had filed the Form No.10IE only on 10.01.2024. Therefore, the CPC had rightly denied the benefit of New Tax Regime and hence, no interference is called for. 7. We heard the ld. Sr.DR and perused the relevant material on record. The solitary issue that arises for our ..... X X X X Extracts X X X X X X X X Extracts X X X X
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