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Dec 03, 2025
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Taxpayers denied new tax regime benefits for not filing Form 10IC; get relief from ITAT Mumbai for this reason
On October 31, 2025, the Mumbai bench of the Income Tax Aappellate Tribunal (ITAT) ruled that a taxpayer's claims under the new tax regime could not be rejected due to a delay in filing the Form 10IC, beyond the legal deadline.
This judgement came in the backdrop of a case filed by a taxpayer against the income tax department. He had filed his income tax return (ITR) on February 11, 2021 by declaring an income of Rs 8.7 crore and had opted for the new tax regime under Section 115BAA. However, he failed to file Form-10IC, leading the income tax officer/centralised processing centre (CPC) to deny the concessional tax rate benefits under the new tax regime (Section 115BAA) while processing the ITR.
Feeling aggrieved, the taxpayer submitted an application under Section 154 before CPC but it was turned down. The CPC's decision was later upheld by ld CIT(A). The taxpayer then took the case to ITAT Mumbai.
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