2024 (6) TMI 272

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..... sessee directed against the order of Addl./JCIT(A)-2, Chennai dated 14.03.2024 for the assessment year 2023-24. 2. Briefly, 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 de .....

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..... the appellant. 6. The ld. Sr.DR submits that from the A.Y. 2023-24 onwards New Tax Regime was made optional. Once the assessee 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 interferen .....

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..... benefit of New Tax Regime. Therefore, we direct the CPC to amend the intimation by taking into consideration the Form No.10IE, as the same was available with the CPC at the time of processing the return of income. We order accordingly. 8. In the result, the appeal filed by the assessee is partly allowed. Order pronounced on this 05th day of June, 2024.
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