News & Media 30th Jan 2025
The Bombay High Court ruled that the Income Tax Department (ITD) acted improperly by unilaterally modifying its utility software to deny rebates on special rate incomes after July 5, 2024. The court directed the department to amend the Income Tax Returns (ITR) utility software and ensure the processing of all valid Section 87A rebate claims.
In the recent article, “HC pulls up I-T dept for software: Taxpayers can now claim 87A tax rebate ” by Ayush Mishra from Business Standard, our Associate Partner CA Sumeet Agrawal shares his insights on the impact of this ruling.
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