Consultant mistakenly opted taxpayer for old tax regime, triggering ₹1.23 lakh demand: ITAT gives relief

3 hours ago 2

A Bengaluru taxpayer faced a ₹1.23 lakh tax demand after his consultant mistakenly filed Form 10-IEA for the old tax regime. ITAT Bangalore accepted the new regime chosen in his ITR and directed the tax authorities to recompute his liability.

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Consultant mistakenly opted taxpayer for old tax regime, triggering ₹1.23 lakh demand: ITAT gives relief

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