https://www.taxtmi.com/caselaws?id=799039 Section 87A permits a rebate from income tax on total income without excluding tax on short-term capital gains taxed at special rates under Section 111A for the relevant period. Section 111A contains no corresponding restriction. By contrast, the express exclusion for long-term capital gains under Section 112A(6) shows that any restriction on special-rate income requires specific enactment. Section 115BAC(1A) does not limit the independently available rebate, and a proposed prospective amendment cannot restrict the unamended provision. Rebate is therefore available against tax payable on such short-term capital gains. en-us Fri, 11 Sep 2026 00:00:00 +0530 Wed, 16 Sep 2026 08:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799039 Section 87A permits a rebate from income tax on total income without excluding tax on short-term capital gains taxed at special rates under Section 111A for the relevant period. Section 111A contains no corresponding restriction. By contrast, the express exclusion for long-term capital gains under Section 112A(6) shows that any restriction on special-rate income requires specific enactment. Section 115BAC(1A) does not limit the independently available rebate, and a proposed prospective amendment cannot restrict the unamended provision. Rebate is therefore available against tax payable on such short-term capital gains. Case-Laws Income Tax Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799039