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Business

ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief

LiveMint - Money ·
ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief

A Delhi ITAT ruling has given relief to a taxpayer whose accountant mistakenly selected the old tax regime in ITR-1 even though tax had been computed under the new regime.

The tribunal directed the AO to compute the taxpayer’s liability under the new regime.

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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.

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