ITAT Allows Section 87A Rebate as Section 111A Contains No Express Restriction

Advertisement Pramod Kumar Dubey Vs ITO (ITAT Agra) The Income Tax Appellate Tribunal (ITAT), Agra allowed the assessee’s appeal against the order of the Addl./JCIT(A)-2, Delhi, arising from an intimation issued under Section 143(1) of the Income-tax Act, 1961 by the Centralised Processing Centre (CPC), Bengaluru for Assessment Year (AY) 2024-25. The sole issue before the Tribunal was whether the assessee was entitled to rebate under Section 87A on tax payable on Short-Term Capital Gains (STCG) taxable under Section 111A. The assessee had filed the return under Section 139(1) declarin...