https://www.taxtmi.com/caselaws?id=469814 Rebate under section 87A was held allowable for a resident individual opting for section 115BAC(1A) where total income did not exceed the prescribed limit and included short-term capital gains taxable under section 111A. The statutory scheme for assessment year 2024-25 contained no express bar in section 87A or section 111A excluding rebate on tax attributable to such gains, and the absence of a specific exclusion comparable to section 112A supported the claim. A later prospective amendment could not be applied to deny the benefit for the relevant year, and automated denial could not override the statute. en-us Thu, 11 Sep 2025 00:00:00 +0530 Sat, 04 Jul 2026 23:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469814 Rebate under section 87A was held allowable for a resident individual opting for section 115BAC(1A) where total income did not exceed the prescribed limit and included short-term capital gains taxable under section 111A. The statutory scheme for assessment year 2024-25 contained no express bar in section 87A or section 111A excluding rebate on tax attributable to such gains, and the absence of a specific exclusion comparable to section 112A supported the claim. A later prospective amendment could not be applied to deny the benefit for the relevant year, and automated denial could not override the statute. Case-Laws Income Tax Thu, 11 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469814