https://www.taxtmi.com/caselaws?id=790620 An eligible resident individual taxed under the new regime was entitled to rebate under section 87A where total income did not exceed the prescribed limit, and the rebate could not be denied merely because part of the tax arose on short-term capital gains under section 111A. The statutory text contained no express exclusion for section 111A income, while the legislature had expressly restricted rebate in section 112A(6), showing that exclusions are applied only when stated clearly. A later prospective amendment did not affect the unamended position for the relevant assessment year, so the rebate denial was unsustainable. en-us Thu, 16 Apr 2026 00:00:00 +0530 Tue, 28 Apr 2026 07:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790620 An eligible resident individual taxed under the new regime was entitled to rebate under section 87A where total income did not exceed the prescribed limit, and the rebate could not be denied merely because part of the tax arose on short-term capital gains under section 111A. The statutory text contained no express exclusion for section 111A income, while the legislature had expressly restricted rebate in section 112A(6), showing that exclusions are applied only when stated clearly. A later prospective amendment did not affect the unamended position for the relevant assessment year, so the rebate denial was unsustainable. Case-Laws Income Tax Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790620