https://www.taxtmi.com/caselaws?id=800571 Section 87A rebate is available for assessment year 2024-25 against tax payable on long-term capital gains taxable under section 112, provided the prescribed total-income condition is met. Total income includes such gains, and neither section 87A nor section 112 expressly excludes the rebate for income taxed at that special rate. The specific exclusion in section 112A for certain gains does not extend to section 112 gains. The Finance Act 2025 restriction on rebate for income taxable at special rates is substantive and operates prospectively, so it does not affect assessment year 2024-25. en-us Wed, 23 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800571 Section 87A rebate is available for assessment year 2024-25 against tax payable on long-term capital gains taxable under section 112, provided the prescribed total-income condition is met. Total income includes such gains, and neither section 87A nor section 112 expressly excludes the rebate for income taxed at that special rate. The specific exclusion in section 112A for certain gains does not extend to section 112 gains. The Finance Act 2025 restriction on rebate for income taxable at special rates is substantive and operates prospectively, so it does not affect assessment year 2024-25. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800571