Salaried employee can opt for 115BAC without Form-10-IE. ITAT upholds procedure, overrules Revenue Authorities' denial.

Assessee opted for special tax rate u/s 115BAC but CPC denied benefit citing non-filing of Form-10-IE. ITAT held that Section 115BAC(5)(ii) allows salaried employees to exercise option without filing Form-10-IE, applicable only for business/profession income. Assessee followed procedure under Act, hence ITAT set aside Revenue Authorities' order and allowed assessee's appeal. .....

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