Bombay HC Directs IT Dept to Restore Section 87A Tax Rebate in ITR Utility

Last updated: 30 January 2025 Follow on Google News

In a significant ruling on January 24, 2025, the Bombay High Court held that the Income Tax Department (ITD) acted arbitrarily by modifying the ITR utility software to deny Section 87A tax rebate claims on special rate incomes post-July 5, 2024. The court directed the ITD to reverse these modificati

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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