The case concerns a man’s income tax return for assessment year 2025-26. The taxpayer had opted for the new income tax regime in the preceding assessment year, 2024-25. On August 31, 2025, when he filed Form 10-IEA he opted out of the new regime and was taxed under the old income regime.
The case concerns a man’s income tax return for assessment year 2025-26. The taxpayer had opted for the new income tax regime in the preceding assessment year, 2024-25. On August 31, 2025, when he filed Form 10-IEA he opted out of the new regime and was taxed under the old income regime.
<iframe src="https://hindustansphere.com/embed/cluster/608acf6d5770e0fb99d4606e5e304e3790d8124f" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Taxpayer faces Rs 1.41 lakh demand over tax regime error; why ITAT ruled for old"></iframe>
The case concerns a man’s income tax return for assessment year 2025-26. The taxpayer had opted for the new income tax regime in the preceding assessment year, 2024-25. On August 31, 2025, when he filed Form 10-IEA he opted out of the new regime and was taxed under the old income regime.
