ITAT Ahmedabad Allows Section 87A Rebate on STCG under Section 111A

Jayshreeben Jayantibhai Palsana Vs ITO (ITAT Ahmedabad) The case of Jayshreeben Jayantibhai Palsana vs ITO before the Income Tax Appellate Tribunal (ITAT), Ahmedabad, arose from an appeal against the order of the Commissioner of Income Tax (Appeals)-2, Delhi [CIT(A)], dated 15.04.2025. The appeal concerned the assessee’s eligibility to claim rebate under Section 87A of the Income-tax Act, 1961, against short-term capital gains (STCG) taxed under Section 111A, while being assessed under the new tax regime under Section 115BAC(1A). The assessee, an individual, originally filed her return of in...