https://www.taxtmi.com/caselaws?id=70422 Section 54E exemption for capital gains was considered in the context of a sale deed executed before 1-3-1979 but registered later, raising whether the amended requirement of investment in National Rural Development Bonds applied. The analysis treated the amendment as prospective for transfers governed by the earlier regime, with the operative date of transfer examined alongside section 47 of the Registration Act and the substitution of the eligible asset. On that basis, the earlier bank deposit route remained available, and the assessee was entitled to the section 54E relief. en-us Thu, 13 Jun 1991 00:00:00 +0530 Sat, 16 Apr 2011 10:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70422 Section 54E exemption for capital gains was considered in the context of a sale deed executed before 1-3-1979 but registered later, raising whether the amended requirement of investment in National Rural Development Bonds applied. The analysis treated the amendment as prospective for transfers governed by the earlier regime, with the operative date of transfer examined alongside section 47 of the Registration Act and the substitution of the eligible asset. On that basis, the earlier bank deposit route remained available, and the assessee was entitled to the section 54E relief. Case-Laws Income Tax Thu, 13 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70422