https://www.taxtmi.com/caselaws?id=210724 The Tribunal upheld the decision to grant rebate under section 88E for Securities Transaction Tax (STT) paid in relation to share trading income assessed under the head 'Profits and gains of business'. Despite the initial failure to claim the rebate in the return of income, evidence of STT payment was later submitted during assessment proceedings, leading to the allowance of the rebate. The Tribunal emphasized that the appellant should not be deprived of the alternate claim for rebate under section 88E due to the initial oversight, ultimately dismissing the Revenue's appeal. en-us Fri, 28 May 2010 00:00:00 +0530 Tue, 28 May 2013 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210724 The Tribunal upheld the decision to grant rebate under section 88E for Securities Transaction Tax (STT) paid in relation to share trading income assessed under the head 'Profits and gains of business'. Despite the initial failure to claim the rebate in the return of income, evidence of STT payment was later submitted during assessment proceedings, leading to the allowance of the rebate. The Tribunal emphasized that the appellant should not be deprived of the alternate claim for rebate under section 88E due to the initial oversight, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 28 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210724