ITO Vs. Akansha Jain
Case No: ITA No.1088/JPR/2026
Court: Income Tax Appellate Tribunal, Jaipur Bench
Date: 9/11/2026
Parties Involved
appellantITO
respondentAkansha Jain
Facts Summary
The present appeal was filed by the Revenue against the order passed by the Office of the Commissioner of Income Tax, Appeal Addl./JCIT(A) Chennai, dated 28.02.2026. The appeal concerns the denial of rebate under Section 87A of the Income Tax Act, 1961 on income chargeable to tax at special rates under section 111A. The assessee, Akansha Jain, had claimed a rebate of Rs.24,947/- on her short-term capital gains, which was disallowed by the Commissioner of Income Tax (Processing). The Commissioner of Income Tax (Appeals) allowed the rebate, leading to the present appeal by the Revenue.…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the Ld. CIT(A) has erred in allowing rebate u/s 87A on income chargeable to tax at special rates under section 111A?
- 2. Whether the Ld. CIT(A) has erred in not considering the binding clarification issued by the CBDT?
- 3. Whether the Ld. CIT(A) has erred in relying upon the decision of the Hon'ble Bombay High Court?
- 4. Whether the Ld. CIT(A) has erred in holding that the issue is debatable and granting substantive relief?
Judgment Outcome
Decided in favour of Partly Assessee / Partly Revenue.
Precedents Relied Upon
6 precedents cited in this judgement.