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    <title>Rebate under section 87A against tax payable on long-term capital gains on sale of debt instruments allowed by ITAT Chandigarh.</title>
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    <description>The Tribunal construed s.112A(6) as limiting the s.87A rebate bar to long term equity capital gains described in s.112A(1)(ii), finding no bar to claiming s.87A against tax on long term debt capital gains governed by s.112; it directed recomputation of tax payable so the mandatory s.87A rebate applies against tax on such debt LTCG where overall tax exceeds the rebate threshold.</description>
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      <title>Rebate under section 87A against tax payable on long-term capital gains on sale of debt instruments allowed by ITAT Chandigarh.</title>
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      <description>The Tribunal construed s.112A(6) as limiting the s.87A rebate bar to long term equity capital gains described in s.112A(1)(ii), finding no bar to claiming s.87A against tax on long term debt capital gains governed by s.112; it directed recomputation of tax payable so the mandatory s.87A rebate applies against tax on such debt LTCG where overall tax exceeds the rebate threshold.</description>
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