https://www.taxtmi.com/caselaws?id=70236 In compulsory acquisition, the six-month period for investment under section 54E is computed from the date of transfer, and transfer occurs when possession is taken and vesting in the Government follows, not merely on the date of the award. Where there is no direct proof of the exact possession date and the circumstances do not support immediate vesting on the award date, the transfer is treated as occurring after service of the award. On that basis, investment made within six months was timely, the assessee qualified for section 54E relief, and the capital gains were not chargeable. en-us Sun, 25 Sep 1983 00:00:00 +0530 Fri, 15 Apr 2011 10:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70236 In compulsory acquisition, the six-month period for investment under section 54E is computed from the date of transfer, and transfer occurs when possession is taken and vesting in the Government follows, not merely on the date of the award. Where there is no direct proof of the exact possession date and the circumstances do not support immediate vesting on the award date, the transfer is treated as occurring after service of the award. On that basis, investment made within six months was timely, the assessee qualified for section 54E relief, and the capital gains were not chargeable. Case-Laws Income Tax Sun, 25 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70236