https://www.taxtmi.com/caselaws?id=799038 Rebate under Section 87A is available against tax payable on short-term capital gains taxable at special rates under Section 111A where the taxpayer opts for the Section 115BAC(1A) regime. Section 87A applies to tax liability on total income without distinguishing normal-rate income from special-rate capital gains. Neither Section 111A nor Section 115BAC(1A) expressly excludes such gains from the rebate, and the concessional tax regime does not impliedly limit the independent rebate entitlement. Tribunal decisions supporting this interpretation were not displaced by contrary High Court or Supreme Court authority. 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=799038 Rebate under Section 87A is available against tax payable on short-term capital gains taxable at special rates under Section 111A where the taxpayer opts for the Section 115BAC(1A) regime. Section 87A applies to tax liability on total income without distinguishing normal-rate income from special-rate capital gains. Neither Section 111A nor Section 115BAC(1A) expressly excludes such gains from the rebate, and the concessional tax regime does not impliedly limit the independent rebate entitlement. Tribunal decisions supporting this interpretation were not displaced by contrary High Court or Supreme Court authority. Case-Laws Income Tax Fri, 11 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799038