Section 87A Applies to Total Income Including STCG Under Section 111A: ITAT Mumbai

Pushpa Prakash Misar Vs ITO (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai allowed the assessee’s appeal against the order of the Addl./JCIT(A), Agra, dated 21.11.2025, relating to Assessment Year (AY) 2024-25. The dispute concerned the denial of rebate under Section 87A of the Income-tax Act, 1961, where the assessee’s income included Short-Term Capital Gain (STCG) taxable under Section 111A. The assessee had filed her return of income on 12.07.2024, declaring total income of ₹4,77,910, comprising Short-Term Capital Gain of ₹3,17,552 and income from other sourc...