Section 87. Review

87. Review. —Any order passed under this Schedule may, after notice to all persons interested, be reviewed by the[2] [Principal Chief Commissioner or Chief Commissioner] or[3] [Principal Commissioner or Commissioner], Tax Recovery Officer or other officer who made the order, or by his successor in office, on account of any mistake apparent from the record. CHAPTER VIII 2 [REBATES AND RELIEFS] 3 [ A.—Rebate of income-tax ] 87. Rebate to be allowed in computing income-tax. —(1) In computing the amount of income-tax on the total income of an assessee with which he is chargeable for any assessment year, there shall be allowed from the amount of income-tax (as computed before allowing the deductions under this Chapter), in accordance with and subject to the provisions of[4] [[5] [sections 87A, 88], 88A, 88B, 88C, 88D and 88E], the deductions specified in those sections. 1[.] Subs. by Act 18 of 1992, s. 49, for section 86 (w.e.f. 1-4-1993). 2. Subs. by Act 12 of 1990, s. 30, for Heading (w.e.f. 1-4-1991). 3. Ins. by s. 30, ibid . (w.e.f. 1-4-1991). 4. Subs. by Act 23 of 2004, s. 20, for "section 88, 88A, 88B and 88C" (w.e.f. 1-4-2005). Earlier section amended by Act 18 of 1992, s. 50 (w.e.f. 1-4-1993) and Act 5. Subs. by Act 17 of 2013, s. 21, for "sections 88" (w.e.f. 1-4-2014). (2) The aggregate amount of the deductions under[1] [section 87A or section 88] or section 88A[2] [or section 88B][3] [or section 88C][4] [or section 88D or section 88E] shall not, in any case, exceed the amount of income-tax (as computed before allowing the deductions under this Chapter) on the total income of the assessee with which he is chargeable for any assessment year. 5 [87A. Rebate of income-tax in case of certain individuals. —An assessee, being an individual resident in India, whose total income does not exceed[6] [[7] [five hundred thousand] rupees], shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of[8] [[9] [twelve thousand and five hundred] rupees], whichever is less.]