https://www.taxtmi.com/caselaws?id=797155 Section 87A rebate is available against income-tax payable on short-term capital gains taxable at the special rate under Section 111A. Section 87A grants a rebate from income-tax, while Section 111A prescribes the applicable special tax rate for gains from transfer of listed equity shares. Neither provision contains an express statutory restriction excluding tax on such short-term capital gains from the rebate. The rebate can therefore be set off against tax payable on income taxable under Section 111A. en-us Fri, 07 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797155 Section 87A rebate is available against income-tax payable on short-term capital gains taxable at the special rate under Section 111A. Section 87A grants a rebate from income-tax, while Section 111A prescribes the applicable special tax rate for gains from transfer of listed equity shares. Neither provision contains an express statutory restriction excluding tax on such short-term capital gains from the rebate. The rebate can therefore be set off against tax payable on income taxable under Section 111A. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797155