Tribunal rules for taxpayer who switched from new to old tax regime for 2025-26

A taxpayer's income tax return for assessment year 2025-26 became the subject of a dispute over his choice of tax regime. He had opted for the new regime in the previous assessment year, 2024-25. On August 31, 2025, he filed Form 10-IEA to opt out of the new regime and was assessed under the old regime. The case, which had faced a demand of Rs 1.41 lakh, was decided in the taxpayer's favour by the Income Tax Appellate Tribunal (ITAT).