https://www.taxtmi.com/caselaws?id=258559 The High Court upheld the Tribunal's decision, affirming the entitlement to a rebate of Rs. 1.01 crores under section 88E of the Income Tax Act, 1961. The Court ruled that the deduction should be based solely on income from taxable securities transactions, without factoring in brought forward losses. The Appeal was dismissed for not raising any substantial legal question, and the Tribunal's order was deemed correct and compliant with the Act. en-us Fri, 09 Jan 2015 00:00:00 +0530 Tue, 12 May 2015 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258559 The High Court upheld the Tribunal's decision, affirming the entitlement to a rebate of Rs. 1.01 crores under section 88E of the Income Tax Act, 1961. The Court ruled that the deduction should be based solely on income from taxable securities transactions, without factoring in brought forward losses. The Appeal was dismissed for not raising any substantial legal question, and the Tribunal's order was deemed correct and compliant with the Act. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258559