The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby ...
In the present case, Assessee is entitled to file a revised return computing rebate under section 87A, which would enable ...
MUMBAI: Scores of taxpayers, including the salaried, who were unable to claim an income-tax rebate in their tax returns for ...
The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing revised and ...
The court observed that recent changes to the Income Tax Department’s utility software prevented eligible taxpayers from ...
The PIL challenged the denial of the Section 87A rebate under the new tax regime due to changes in the utility software used for filing returns. The plea highlighted that a software update rolled out ...
However, an update to the Income Tax Utility on 5th July 2024 prevented new regime taxpayers from claiming rebate under 87A from Short Term or Long Term Capital Gain. 5. The modification of the ...