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ITAT Mumbai allows Section 87A rebate on STCG: Heres what taxpayers need to know

ITAT Mumbai has allowed a taxpayer to claim the Section 87A rebate on tax payable on short-term capital gains for AY 2024-25. The ruling clarifies that the rebate cannot be denied for STCG when the law applicable for that year did not specifically restrict such benefit.

22 Jul 2026 11:13 am