PIL Filed in HC Challenging Denial of Sec. 87A Rebate Under New Tax Regime If Income Taxed at Special Tax Rates
- Blog|News|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 17 October, 2024
Latest from Taxmann
News, dated 16-10-2024
A Public Interest Litigation (PIL) has been filed before the Gujarat High Court challenging the denial of the rebate under section 87A of the Income Tax Act, 1961, on the income attracting special rates of tax. The petitioner contended that the rebate under section 87A was denied to the eligible assessees on any income chargeable to tax at special rates under the new regime. This action of the Income-tax Dept. was in clear violation of the law.
The petition was filed in the interest of the class of the assessees, residing all over India, who are eligible to obtain the benefit of the rebate under section 87A.
Click Here To Read The Full Update
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
