https://www.taxtmi.com/caselaws?id=176609 The Tribunal ruled in favor of the assessee, holding that the tax rebate u/s.88E should be allowed regardless of whether the tax is payable under regular provisions of the Act or based on book profit u/s.115JB. The Tribunal emphasized that the purpose of the rebate is to prevent double taxation on income from security transactions. It determined that the rebate should only apply to eligible tax arising from such transactions, whether assessed under regular provisions or book profit provisions. The Tribunal disposed of the Revenue's appeal, affirming the assessee's entitlement to the tax rebate u/s.88E. en-us Wed, 27 Feb 2013 00:00:00 +0530 Fri, 25 Dec 2015 10:22:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176609 The Tribunal ruled in favor of the assessee, holding that the tax rebate u/s.88E should be allowed regardless of whether the tax is payable under regular provisions of the Act or based on book profit u/s.115JB. The Tribunal emphasized that the purpose of the rebate is to prevent double taxation on income from security transactions. It determined that the rebate should only apply to eligible tax arising from such transactions, whether assessed under regular provisions or book profit provisions. The Tribunal disposed of the Revenue's appeal, affirming the assessee's entitlement to the tax rebate u/s.88E. Case-Laws Income Tax Wed, 27 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176609