https://www.taxtmi.com/caselaws?id=795264 For Assessment Year 2025-26, Section 87A under the new tax regime is described as allowing rebate against total tax payable without excluding tax on short-term capital gains taxable at the special rate under Section 111A. The later exclusion of special-rate income, stated to apply from Assessment Year 2026-27, does not apply to that year. The notes further state that denial of the rebate through return processing under Section 143(1), without prior intimation or an opportunity of hearing, contravenes the prescribed procedure and is 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 under the new tax regime is described as allowing rebate against total tax payable without excluding tax on short-term capital gains taxable at the special rate under Section 111A. The later exclusion of special-rate income, stated to apply from Assessment Year 2026-27, does not apply to that year. The notes further state that denial of the rebate through return processing under Section 143(1), without prior intimation or an opportunity of hearing, contravenes the prescribed procedure and is invalid. Case-Laws Income Tax Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795264