Can Assessees showing PGBP Income (presumptive u/s 44AD/ 44ADA or otherwise) opt for 115BAC (New Tax Regime)?

Removal of Doubt!! Can Assessees showing PGBP Income (presumptive u/s 44AD/ 44ADA or otherwise) opt for 115BAC (New Tax Regime)? Yes they can!!! (Individual & HUF only) Once this option is exercised, it shall apply to subsequent assessment years also. PROS: Better Slab Rates resulting in Lower Tax CONS: If assessee violates any condition or opts out from S-115BAC, he cannot opt for this section again for lifetime till he has income u/h PGBP In other words, when assessee ceases to have income u/h PGBP, then only he can again opt in for S-115BAC. Recommendation:-Analyze the sacrifices that the assessee will have to make after choosing S-115BAC. If assessee is not taking benefits of the deductions disallowed under S-115BAC, he may opt for the same.