Tax rebate on short-term gains under dispute? ITAT gives taxpayer relief in a fresh ruling

The Nagpur ITAT has upheld a ₹23,494 Section 87A rebate claimed by a taxpayer on short-term capital gains under Section 111A. The tribunal rejected the Income Tax Department’s challenge, finding no express bar on the rebate for STCG under the law applicable to AY 2025-26.