Taxpayer faces Rs 1.41 lakh demand over tax regime error; why ITAT ruled for old

<![CDATA[The case concerns a man’s income tax return for assessment year 2025-26. The taxpayer had opted for the new income tax regime in the preceding assessment year, 2024-25. On August 31, 2025, when he filed Form 10-IEA he opted out of the new regime and was taxed under the old income regime.

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