Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Rebate U/S 87A Available On Short-Term Capital Gains U/S 111A Under New Regime: ITAT
Income TaxOther Legal Matters
The ITAT has ruled that an "income tax rebate under Section 87A is available on short-term capital gains" under Section 111A and a new tax regime. The tribunal's decision provides a significant victory for the taxpayer. The ruling clarifies that a taxpayer can claim a tax rebate on a short-term capital gain.
