2025 (12) TMI 861

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....nla (JCIT) - Ld. Sr. DR ORDER Manoj Kumar Aggarwal (Accountant Member) 1. The sole grievance of the assessee in captioned appeal for Assessment Year (AY) 2024-25 is quantum of rebate u/s. 87A. The impugned order has been passed by learned Addl. / Joint Commissioner of Income Tax (Appeals)-1, Nagpur [CIT(A)] on 27-05- 2025 in the matter of an intimation issued by CPC u/s. 143(1) on 23-03-2....

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.... Rs. 3,119/- which enhanced the tax payable after rebate to Rs. 24,467/-. Finally, a demand to Rs. 25,710/- was raised by CPC against the assessee. Aggrieved, the assessee preferred further appeal. 3. The Ld. CIT(A) held that in terms of provisions of Sec.112A(6), rebate u/s. 87A would be allowed from Income Tax on total income as reduced by tax payable on capital gains as referred to in sub-se....