The Appellate Tribunal (ITAT) considered whether the Central ...

Late submission of Form No.10IE led to denial of New Tax Regime benefit. Appellant's form was filed after due date but CPC had it.

Case Laws     Income Tax

June 7, 2024

The Appellate Tribunal (ITAT) considered whether the Central Processing Centre (CPC) was justified in denying the benefit of the New Tax Regime to an individual taxpayer who failed to submit Form No.10IE on time. The taxpayer filed their return of income u/s 115BAC but submitted the form late. The ITAT held that while the form is not mandatory but directory, the CPC should have considered it as it was available at the time of processing. The ITAT directed the CPC to amend the intimation to include the Form No.10IE and grant the benefit of the New Tax Regime to the taxpayer.

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