https://www.taxtmi.com/caselaws?id=795920 For Assessment Year 2024-25, a resident individual under the concessional tax regime in Section 115BAC(1A), with income within the prescribed threshold, may claim the Section 87A rebate against tax on short-term capital gains taxable under Section 111A. Section 87A contained no express exclusion for such gains, while Section 112A(6) expressly restricted rebate against specified long-term capital gains. That express restriction could not be extended to Section 111A. The later limitation effective from Assessment Year 2026-27 operates prospectively and does not affect the unamended position for Assessment Year 2024-25. 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, a resident individual under the concessional tax regime in Section 115BAC(1A), with income within the prescribed threshold, may claim the Section 87A rebate against tax on short-term capital gains taxable under Section 111A. Section 87A contained no express exclusion for such gains, while Section 112A(6) expressly restricted rebate against specified long-term capital gains. That express restriction could not be extended to Section 111A. The later limitation effective from Assessment Year 2026-27 operates prospectively and does not affect the unamended position for Assessment Year 2024-25. Case-Laws Income Tax Mon, 22 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795920