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Taxpayers denied new tax regime benefits for not filing Form 10IC; get relief from ITAT Mumbai for this reason

Taxpayers can now claim new tax regime benefits even if Form 10IC is filed late. The ITAT Mumbai ruled that technical errors or oversight should not deny these benefits. This decision follows a taxpayer's win against the income tax department. The tribunal emphasized that when audit reports are available, taxpayers should receive the benefits. This ruling offers relief to many.