Aman Dani vs. ITO
Case No: ITA No.1093/JPR/2026
Court: Income Tax Appellate Tribunal, Jaipur Bench
Date: 9/11/2026
Parties Involved
appellantAman Dani
respondentITO
Facts Summary
The assessee, Aman Dani, filed a return of income on 21.07.2024 under the new tax regime, declaring a total income of Rs. 4,54,020/-. The return included Short-Term Capital Gains (STCG) of Rs. 2,45,610/- taxable at a special rate of 15%. The assessee claimed a rebate of Rs. 23,019/- under Section 87A of the Income Tax Act, 1961. However, the rebate was disallowed by the Commissioner of Income Tax (Appeals) (CIT(A)), leading to the present appeal. The assessee argued that the rebate should be allowed on the total income, including STCG, as there is no restriction on such rebate under Section 87A.…
Decision in favour of
Assessee
Legal Issues
- 1. Denial of rebate of tax claimed by the assessee u/s 87A of the Act on the taxes paid on income earned on short term capital gain.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
12 precedents cited in this judgement.