https://www.taxtmi.com/caselaws?id=782630 The ITAT Rajkot allowed the assessee's appeal, holding that a resident individual, assessed under the new tax regime u/s 115BAC(1A) for AY 2024-25 with total income not exceeding Rs. 7,00,000, is entitled to rebate u/s 87A even where income includes STCG taxable at special rates u/s 111A. The Tribunal found no statutory prohibition in ss. 87A or 111A against granting such rebate and held that denial of rebate by CPC, Bengaluru, based on system-driven logic, lacked legal foundation. The assessment was directed to be modified accordingly. en-us Mon, 03 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782630 The ITAT Rajkot allowed the assessee's appeal, holding that a resident individual, assessed under the new tax regime u/s 115BAC(1A) for AY 2024-25 with total income not exceeding Rs. 7,00,000, is entitled to rebate u/s 87A even where income includes STCG taxable at special rates u/s 111A. The Tribunal found no statutory prohibition in ss. 87A or 111A against granting such rebate and held that denial of rebate by CPC, Bengaluru, based on system-driven logic, lacked legal foundation. The assessment was directed to be modified accordingly. Case-Laws Income Tax Mon, 03 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782630