Case Law Analysis
|Income Tax Appellate Tribunal
Section 87A Rebate Allowed on STCG u/s 111A for AY 2025-26 | Rebate Not Excluded : ITAT Ahmedabad
ITAT Ahmedabad ruled that the Section 87A rebate cannot be denied on short-term capital gains taxed at the special rate under Section 111A for AY 2025-26, overturning the Addl. CIT’s reliance on CBDT circular 13/2025. Taxpayers with STCG can now claim the full ₹25,000 rebate, extending relief beyond other income sources.