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Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals) [CIT(A)] which denied rebate ...

Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return [Read Order]
The Tribunal allowed a tax rebate of Rs. 21,350 under Section 87A of the Income Tax Act, 1961, and overturned the Commissioner of Income Tax (Appeals)’s order, as the assessee’s failure to claim the rebate in the original return constituted an error or omission which justified revised return.