https://www.taxtmi.com/caselaws?id=795060 Section 87A rebate is available to an individual who opts for the new tax regime under section 115BAC(1A) where total income remains within the prescribed threshold, notwithstanding short-term capital gains taxable at special rates under section 111A. Section 115BAC(1A) contains no express exclusion of the rebate, and it should not be denied mechanically during processing under section 143(1) solely because of the new-regime election or special-rate income. The stated analysis recognises entitlement to the rebate for Assessment Year 2024-25 in these circumstances. en-us Mon, 08 Jun 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795060 Section 87A rebate is available to an individual who opts for the new tax regime under section 115BAC(1A) where total income remains within the prescribed threshold, notwithstanding short-term capital gains taxable at special rates under section 111A. Section 115BAC(1A) contains no express exclusion of the rebate, and it should not be denied mechanically during processing under section 143(1) solely because of the new-regime election or special-rate income. The stated analysis recognises entitlement to the rebate for Assessment Year 2024-25 in these circumstances. Case-Laws Income Tax Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795060