ITAT Ahmedabad Allows Section 87A Rebate on Section 112 LTCG for AY 2024-25

Veenaben Arvindbhai Shah Vs Centralised Processing Center (ITAT Ahmedabad) The assessee appealed against the order dated 27.11.2025 passed by the Commissioner of Income Tax (Appeals), Raipur, for Assessment Year 2024-25. The dispute concerned the denial of rebate under Section 87A of the Income-tax Act, 1961 while processing the return under Section 143(1), in respect of tax payable under Section 112 on long-term capital gains arising from the sale of a residential flat. The assessee filed the original return of income on 27.07.2024 and a revised return on 23.11.2024, declaring total income of...