New Delhi, Sept. 11 -- In a recent ruling, the Delhi Income Tax Appellate Tribunal (ITAT) ruled in favour of a taxpayer who was initially denied a Section 87A rebate on short-term capital gains (STCG) under the new tax regime.

The ruling is significant as it provides clarity for taxpayers filing returns for Assessment Year (AY) 2025-26. It could also offer an important avenue for taxpayers facing similar tax-related disputes in the future.

Here is a look at the key facts of the case and what the ruling means for taxpayers.

According to the case records, the assessee, Renu Singla, had declared a total income of Rs.5,38,610. Her income included Rs.3,51,701 from house property, Rs.18,290 from other sources and Rs.20,36,155 in short-term c...