https://www.taxtmi.com/caselaws?id=792511 Resident individuals under the new tax regime were examined for rebate eligibility where total income remained below the prescribed threshold but included long-term capital gains taxed under section 112. The text states that "total income" must be read with sections 2(45) and 5, so capital gains forming part of total income are not excluded from section 87A rebate unless the Act expressly says so. It notes that the statute specifically denies rebate for certain special-rate income in section 112A(6), but contained no comparable exclusion for section 112 for the relevant year. The later Finance Act, 2025 amendment was treated as prospective, and the denial of rebate was set aside. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 29 May 2026 08:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792511 Resident individuals under the new tax regime were examined for rebate eligibility where total income remained below the prescribed threshold but included long-term capital gains taxed under section 112. The text states that "total income" must be read with sections 2(45) and 5, so capital gains forming part of total income are not excluded from section 87A rebate unless the Act expressly says so. It notes that the statute specifically denies rebate for certain special-rate income in section 112A(6), but contained no comparable exclusion for section 112 for the relevant year. The later Finance Act, 2025 amendment was treated as prospective, and the denial of rebate was set aside. Case-Laws Income Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792511