https://www.taxtmi.com/caselaws?id=794400 Rebate under section 87A was considered available against tax payable on short-term capital gains taxed under section 111A for an individual opting for section 115BAC, where the assessee's total income remained below the rebate threshold and the statutory conditions for section 87A were otherwise satisfied. The Tribunal followed consistent co-ordinate bench decisions and noted that no contrary binding authority was shown. On that basis, denial of the rebate against tax computed at the special rate on such capital gains was held unsustainable, and the rebate was directed to be granted. en-us Thu, 25 Jun 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794400 Rebate under section 87A was considered available against tax payable on short-term capital gains taxed under section 111A for an individual opting for section 115BAC, where the assessee's total income remained below the rebate threshold and the statutory conditions for section 87A were otherwise satisfied. The Tribunal followed consistent co-ordinate bench decisions and noted that no contrary binding authority was shown. On that basis, denial of the rebate against tax computed at the special rate on such capital gains was held unsustainable, and the rebate was directed to be granted. Case-Laws Income Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794400