https://www.taxtmi.com/caselaws?id=794523 Rebate under section 87A was held allowable on short-term capital gains forming part of total income, because the provision applies with reference to total income and contains no exclusion for short-term or long-term capital gains. As those gains remain part of total income and no specific statutory bar exists, excluding them from the rebate computation was found unwarranted. The assessee was held entitled to rebate on the short-term capital gains component, and the denial was set aside. en-us Mon, 29 Jun 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794523 Rebate under section 87A was held allowable on short-term capital gains forming part of total income, because the provision applies with reference to total income and contains no exclusion for short-term or long-term capital gains. As those gains remain part of total income and no specific statutory bar exists, excluding them from the rebate computation was found unwarranted. The assessee was held entitled to rebate on the short-term capital gains component, and the denial was set aside. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794523