2 results for “disallowance”+ Section 87Aclear
Sorted by relevance
In the result, the appeal of the assessee is allowed
Bench: Dr. B.R.R. Kumar, Vice- & Ms. Suchitra Kamble
disallowed the rebate claim of Rs. 21,492/- pertaining to the income from capital gain. At the time of hearing, the ld. A.R. submitted that the assessee’s total income is inclusive of income from capital gains was below the threshold of 7,00,000/- stipulated u/s. 87A of the Act. Thus, the assessee is entitled for rebate u/s. 87A