Section 87A rebate denied by CPC on STCG? ITAT Jaipur ruling offers relief to taxpayer for AY 2024-25

The ITAT Jaipur has ruled that eligible taxpayers could claim Section 87A rebate on tax payable on short-term capital gains under Section 111A for AY 2024-25. The Tribunal said the law applicable that year did not expressly bar the rebate on STCG, despite the CPC denying it during return processing.