https://www.taxtmi.com/caselaws?id=777735 Section 87A rebate for assessment year 2024-25 could not be denied merely because the assessee included long-term capital gains taxed at special rates or filed the return under the new tax regime under section 115BAC(1A). The provision was read on its plain terms, and no exclusion for long-term capital gains was found for that year. The amendment made by Finance Act, 2024 was held inapplicable to assessment year 2024-25. As the assessee's total income remained within the prescribed threshold, the rebate claim was sustained and the denial by the lower authorities was set aside. en-us Wed, 20 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777735 Section 87A rebate for assessment year 2024-25 could not be denied merely because the assessee included long-term capital gains taxed at special rates or filed the return under the new tax regime under section 115BAC(1A). The provision was read on its plain terms, and no exclusion for long-term capital gains was found for that year. The amendment made by Finance Act, 2024 was held inapplicable to assessment year 2024-25. As the assessee's total income remained within the prescribed threshold, the rebate claim was sustained and the denial by the lower authorities was set aside. Case-Laws Income Tax Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777735