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

The Bombay High Court has directed the Income Tax (IT) Department to restore the Section 87A tax rebate in the Income Tax Return (ITR) utility. Section 87A provides a rebate of up to Rs. 12,500 to individual taxpayers with taxable income below Rs. 5 lakh. Taxpayers had reported technical issues with the ITR utility, which prevented them from claiming this rebate. The court’s order ensures that individuals can now claim their rightful rebate while filing returns for the relevant assessment year. This judgment highlights the need for the IT Department to address technical glitches that hinder taxpayer benefits.