Shreyas Paradkar (Individual) Vs. ITO Range 1(1)
Case No: ITA No.4721/M/2025
Court: INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “SMC”, MUMBAI
Date: 1/23/2026
Parties Involved
AppellantShreyas Paradkar
RespondentITO Range 1(1)
Facts Summary
The assessee, Shreyas Paradkar, claimed to have opted for the new tax regime while filing his return of income on 25th July 2023. The income-tax website showed a tax payable of ₹5,000 after giving credit for TDS. However, on the first page of the return of income filed, it was shown that the assessee did not opt for the new tax regime. This was due to a glitch on the website. The return was processed under the old regime because the assessee failed to file Form 10-IE within the prescribed time l…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the assessee is entitled to be taxed under the new tax regime as per section 115BAC of the Income Tax Act, 1961.
Precedents Relied Upon
6 precedents cited in this judgement.