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A complete guide to the Section 87A rebate for AY 2026-27, covering eligibility, tax-free income limits, marginal relief, special income rules, and practical tax-saving examples.

Section 87A Rebate Explained: How to Pay Zero Tax up to Rs 12 Lakh Income in AY 2026-27

Judgement

The ITAT Hyderabad has upheld an addition of Rs 3.75 crore made on account of unexplained excess gold stock found during survey proceedings.

ITAT Upholds Rs 3.75 Crore Addition on Excess Gold Stock And Rejects Post Survey Gold Deposit Agreements

The ITAT deletes Rs 8.01 lakh addition, ruling that cash deposits explained as genuine rental income cannot be treated as unexplained without contrary evidence or proper inquiry by the tax department.

ITAT Deletes Rs 8.01 Lakh Addition on Cash Deposits, Accepts Rental Income Explanation

The ITAT criticises CIT(A) for not adopting a liberal approach to condone the 144-day delay in filing the appeal by the NRI assessee; the Section 270A penalty proceedings dispute is remanded for fresh adjudication.

ITAT Remands Section 270A Penalty Dispute, Critises CIT(A) for Not Adopting Liberal Approach to Condone 144-Day Delay

The ITAT condoned a 34-day delay in filing appeals due to genuine health reasons and directed CIT(A) to decide the case on merits instead of dismissing it on technical grounds.

ITAT Grants Relief to Taxpayer, Condones 34-Day Delay in Filing Appeals

The Income Tax Appellate Tribunal (ITAT) Hyderabad has held that the tolerance band of 10% by the Finance Act, 2020 under Section 50C of the Income Tax Act, 1961 has retrospective application.

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Section 87A Rebate Explained: How to Pay Zero Tax up to Rs 12 Lakh Income in AY 2026-27

ITAT Upholds Rs 3.75 Crore Addition on Excess Gold Stock And Rejects Post Survey Gold Deposit Agreements

ITAT Deletes Rs 8.01 Lakh Addition on Cash Deposits, Accepts Rental Income Explanation

ITAT Remands Section 270A Penalty Dispute, Critises CIT(A) for Not Adopting Liberal Approach to Condone 144-Day Delay

ITAT Grants Relief to Taxpayer, Condones 34-Day Delay in Filing Appeals

ITAT Grants Retrospective Benefit of 10% Tolerance Band under Section 50C And Deletes Capital Gain Addition