section 115baa withdrawal

hello sir, my question is if we took section 115BAA for 2 years and then i have change the to the old scheme and took deduction of section 80IAC for AY 21-22.  we got the intimation u/s 143(1)(a)(iv) from department regarding the invalid return and not allowing the deduction u/s 80IAC. now we want to continue to the old scheme only is there any remedy regarding to the above issue?

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  Delay in exercising option as prescribed under 115BAA(5)

Dear Expert, A private company filed its tax return for FY 2019-20 and availed the benefit of lower tax rate as prescribed under section 115BAA However, filing of form 10-IC as prescribed under sub section 5 of section 115BAA was done much later due to inadvertence. Return was filed within statutory due date but form 10IC was filed in Feb 2021  (about 2m delay). Sub section (5) states Nothing contained in this section shall apply unless the option is exercised by the person in the prescribed manner on or before the due date specified under sub-section (1) of section 139 for furnishing…

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