KANHAIYA LAL PANCHAL,RATLAM vs. BPL-W-(91)(95), RATLAM
In the result, the appeal of the assessee is allowed
ITA 702/IND/2025[2024-25]Status: DisposedITAT Indore16 Jan 2026AY 2024-25
Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year:2024-25 Kanhaiya Lal Panchal, Bpl-W-(91)(95) 1, Jadwasa Kala, बनाम/ Ratlam Vs. (Assessee/Appellant) (Revenue/Respondent) Pan: Aqrpp0055D Assessee By Shri Kaide Kangsawala, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 06.01.2026 Date Of Pronouncement 16.01.2026
Section 111ASection 112Section 112ASection 115BSection 143(1)Section 154Section 3(6)Section 81Section 87A
gains taxable under section 112, despite there being no express restriction in law to that effect.
3.The CIT(A) failed to appreciate that the restriction on rebate under section 87A is specifically provided only in sub-section 3(6) of section 112A, and applies only to certain long-term capital
