Appeal before CIT(A) due to denial of 87A rebate on special income for AY 24-25
This query is : Resolved
03 March 2025
Sir,
I had filed ITR for AY 24-25 in new regime on 27/06/24 with 87A benefit on special income and net tax liability became 0 but on 05/07/24, 87A rebate was removed and denied by CBDT and demand notice was issued for 16000/ tax. I paid the demand. Later after Bombay high court judgement I revised my ITR before 15th January 2025 for refund of 16000/ but to no avail after processing on 24/02/25. My question is :
Is it feasible to file an appeal before CIT(A) for 16000/(not a very less amount) and what would be it's consequences? Would I be served justice?
Thanks.
I had filed ITR for AY 24-25 in new regime on 27/06/24 with 87A benefit on special income and net tax liability became 0 but on 05/07/24, 87A rebate was removed and denied by CBDT and demand notice was issued for 16000/ tax. I paid the demand. Later after Bombay high court judgement I revised my ITR before 15th January 2025 for refund of 16000/ but to no avail after processing on 24/02/25. My question is :
Is it feasible to file an appeal before CIT(A) for 16000/(not a very less amount) and what would be it's consequences? Would I be served justice?
Thanks.
03 March 2025
Yes, appeal can be filed. Based on Mumbai HC's recent judgement you can get justice.
03 March 2025
do you plan to litigate on your own? If not, then I am not sure if the cost-benefit would suit you.
Also, you may want to wait for sometime and see if the department is taking any corrective measures, which may lead to suo-moto rectification by the AO.
Also, you may want to wait for sometime and see if the department is taking any corrective measures, which may lead to suo-moto rectification by the AO.
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