ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation:
ITAT allowed the full Section 87A rebate on Section 111A STCG under the new tax regime for AY 2024–25 where total income does not exceed Rs 7 lakh.
ITAT Allows Full Section 87A Rebate on STCG
Vanshika verma
Jul 15, 2026Premium
ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation
ITAT allowed the full Section 87A rebate on Section 111A STCG under the new tax regime for AY 2024–25 where total income does not exceed Rs 7 lakh.
Also Read
ITAT: Carbon Credit Receipts Are Capital, Not Taxable Under Income TaxITAT Deletes Rs 1.32 Crore Section 69A Addition; Holds Recorded Sales Cannot Be Treated as Unexplained Income Without ProofHigh Court Held Income Tax Reassessment Notice Issued to Dead Person As InvalidITAT Quashes Reassessment Based on Unverified Insight Portal Information
About Author
Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
1575My Recent Articles
- ITAT Quashes Reassessment Based on Unverified Insight Portal InformationPremium
- ITAT Sets Aside Rs 3.61 Crore Tax Addition Over Violation of Natural JusticePremium
- ITAT Upholds Rs 16.5 Lakh Addition Under Section 69C Over Bogus Purchase ClaimPremium
- ITAT: Gross Profit Cannot Be Estimated Without Rejecting Books of AccountPremium
- ITAT Quashes Reassessment as Section 148 Notice Was Issued Beyond Limitation PeriodPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Tags
Recent Posts
All Posts