Section 87A Deduction Allowed as Income Below Rs 7 Lakh Despite Computation Errors

Titiksha Chhajed Vs ITO (ITAT Raipur) The appeals were filed by the assessees against the orders passed by the Commissioner of Income Tax (Appeals)/NFAC dated 21.11.2025 and 17.10.2025 for Assessment Year 2024–25. Since to both appeals involved identical facts and issues, they were heard together and disposed of through a consolidated order. The central issue in both appeals was the denial of deduction under section 87A read with clause (a) of the Income Tax Act, 1961. The assessees had claimed deduction under section 87A against short-term capital gains, amounting to ₹25,000 in one case a...