Whether rebate u/s 87A is available against tax payable on short-term capital gains (STCG) u/s 111A under the new regime u/s 115BAC(1A).

 the ruling you are referring to was delivered by the SMC Bench of ITAT, Ahmedabad.

📌 Case: Jayshreeben Jayantibhai Palsana vs. ITO
📌 Bench: ITAT Ahmedabad – SMC Bench
📌 Date of Order: 12 August 2025 (some references mention 13 August 2025, but 12 Aug 2025 is the official pronouncement date)
📌 Issue: Whether rebate u/s 87A is available against tax payable on short-term capital gains (STCG) u/s 111A under the new regime u/s 115BAC(1A).
📌 Finding: The Bench held that Sec. 87A, as applicable for AY 2024–25, does not exclude STCG u/s 111A; hence, if the total income ≤ ₹7 lakh, rebate is allowable.


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