https://www.taxtmi.com/caselaws?id=795264 For Assessment Year 2025-26, Section 87A rebate under the new tax regime applied to an eligible assessee's total tax payable without excluding tax on short-term capital gains taxable under Section 111A. The later exclusion of special-rate income from the rebate, effective from Assessment Year 2026-27, did not apply. Processing adjustments denying the rebate without prior intimation or an opportunity of hearing were contrary to the prescribed procedure. Consequently, rebate was available against the entire tax liability, including Section 111A short-term capital gains tax, and the denial adjustment was invalid. en-us Fri, 10 Jul 2026 00:00:00 +0530 Mon, 20 Jul 2026 09:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795264 For Assessment Year 2025-26, Section 87A rebate under the new tax regime applied to an eligible assessee's total tax payable without excluding tax on short-term capital gains taxable under Section 111A. The later exclusion of special-rate income from the rebate, effective from Assessment Year 2026-27, did not apply. Processing adjustments denying the rebate without prior intimation or an opportunity of hearing were contrary to the prescribed procedure. Consequently, rebate was available against the entire tax liability, including Section 111A short-term capital gains tax, and the denial adjustment was invalid. Case-Laws Income Tax Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795264