https://www.taxtmi.com/caselaws?id=798294 For Assessment Year 2025-26, the first proviso to section 87A applied where total income fell within the prescribed limit and did not exclude income-tax on short-term capital gains taxable at the special rate under section 111A. Section 111A prescribed a tax rate but did not bar the rebate. The subsequent restriction limiting rebate to tax computed under section 115BAC(1A) took effect only from 1 April 2026 and did not apply to the preceding year. Administrative guidance or return-processing systems could not create a substantive statutory exclusion. Full section 87A rebate therefore remained available despite such short-term capital gains. en-us Tue, 01 Sep 2026 00:00:00 +0530 Fri, 04 Sep 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798294 For Assessment Year 2025-26, the first proviso to section 87A applied where total income fell within the prescribed limit and did not exclude income-tax on short-term capital gains taxable at the special rate under section 111A. Section 111A prescribed a tax rate but did not bar the rebate. The subsequent restriction limiting rebate to tax computed under section 115BAC(1A) took effect only from 1 April 2026 and did not apply to the preceding year. Administrative guidance or return-processing systems could not create a substantive statutory exclusion. Full section 87A rebate therefore remained available despite such short-term capital gains. Case-Laws Income Tax Tue, 01 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798294