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This move follows a ruling by the Bombay High Court instructing the department to extend the deadline for these claims.
Eligible taxpayers can submit revised or belated ITRs through the e-filing portal or the ITR filing utility. The department stated that the updated utilities for ITR forms 2 and 3, including the option to claim the Section 87A rebate, would be made available shortly.
However, it’s important to note that these updates will apply only to the ITR-2 and ITR-3 forms.
Background and legal ruling
This development comes after the Bombay High Court intervened in a case where recent software updates by the Income Tax Department prevented eligible taxpayers from claiming the rebate.
The court highlighted that these changes went against the intent of the Section 87A rebate, which allows taxpayers with taxable incomes up to ₹7 lakh to reduce their tax liability to zero.
The court’s decision emphasised that the procedural modifications by the Income Tax Department unfairly burdened taxpayers. Senior advocate Percy Pardiwala, representing the petitioner, argued that these updates deprived taxpayers of their statutory rights.
The PIL petition urged the court to allow affected individuals to file revised returns under Section 139(5) of the Income Tax Act to claim the rebate retroactively.
The Income Tax Department had defended the software changes, stating that they were necessary to address specific issues with rebate claims and to ensure compliance with legal provisions.
Meanwhile, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing belated and revised Income Tax Returns (ITRs) for the assessment year (AY) 2024-25 for resident individuals.
The new deadline is now set for January 15, 2025, moving it from the earlier due date of December 31, 2024.
According to a notice on the ITR filing portal, “The updated utilities for ITR forms 2 and 3 giving effect to the Circular No. 21 dated 31st December 2024 and including the option to update 87A rebate will be made available shortly.”
