SRI SANTOSH SALAMPURIA,BANKURA vs. I.T.O. WARD-3(1), BANKURA
In the result, appeal of the assessee is allowed
ITA 2271/KOL/2025[2024-2025]Status: DisposedITAT Kolkata13 Jan 2026AY 2024-2025
Bench: SHRI GEORGE MATHAN (Judicial Member)
For Appellant: Shri Vinay Kumar Gupta, ARFor Respondent: Shri Abhijit Adhikary, Sr. DR
Section 111ASection 115BSection 143(1)Section 87A
capital gains arising from transfer of listed equity shares taxable at special rates under section 111A. The legislative intent is further clarified by the subsequent amendment proposed in the Finance Bill,
2025, which is prospective in nature and thereby reinforces that no
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such restriction was in force during the relevant assessment year.
The denial of rebate under section 87A
