Will Assessing Officer allow New Tax regime benifit for condonation delay for verification ??

This discussion explores whether the benefits of the new tax regime (Section 115BAC) can be claimed if a tax return is verified late, requiring condonation. While the general understanding is that the new scheme is available only for timely filed returns, participants debate if condonation for delayed verification under Section 119(2)(b) would still allow access to the new tax regime benefits. The consensus leans towards the benefit being allowed if the Income Tax Return (ITR) was filed before the due date, even if verification was delayed.