Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return

The Income Tax Appellate Tribunal (ITAT) has allowed a tax rebate under Section 87A that was initially denied due to an omission in the original return, but later claimed through a revised return. Section 87A provides a tax rebate for individuals with taxable income up to a certain limit. The ITAT's decision confirms that taxpayers can rectify genuine omissions in their original filings by submitting a revised return and avail the rightful benefits. This ruling offers relief to assessees who might have inadvertently missed claiming the rebate initially, promoting fairness and ensuring that eligible taxpayers receive their due benefits.