https://www.taxtmi.com/caselaws?id=795920 For Assessment Year 2024-25, the notes state that a resident individual under the concessional tax regime may claim the Section 87A rebate against tax on short-term capital gains taxable under Section 111A where income is within the prescribed threshold. Section 87A contained no express exclusion for such gains, while Section 112A(6) expressly restricts rebate against specified long-term capital gains. The absence of a comparable restriction for Section 111A gains means that no limitation should be read into Section 87A. Section 115BAC(1A) does not independently curtail the rebate, and a later restriction effective from Assessment Year 2026-27 is prospective. en-us Mon, 22 Jun 2026 00:00:00 +0530 Wed, 29 Jul 2026 08:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795920 For Assessment Year 2024-25, the notes state that a resident individual under the concessional tax regime may claim the Section 87A rebate against tax on short-term capital gains taxable under Section 111A where income is within the prescribed threshold. Section 87A contained no express exclusion for such gains, while Section 112A(6) expressly restricts rebate against specified long-term capital gains. The absence of a comparable restriction for Section 111A gains means that no limitation should be read into Section 87A. Section 115BAC(1A) does not independently curtail the rebate, and a later restriction effective from Assessment Year 2026-27 is prospective. Case-Laws Income Tax Mon, 22 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795920