https://www.taxtmi.com/caselaws?id=151729 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals), determining that the date of transfer of shares was March 17, 1998, based on the share purchase agreement and subsequent delivery of shares. Consequently, the capital gains were taxable in the assessment year 1998-99. The assessee's appeal, challenging the date of transfer and applicability of exemptions, was dismissed. The Tribunal emphasized the broader interpretation of "transfer" under the Income-tax Act, 1961, over definitions in other statutes. The decision was delivered in open court on March 23, 2007. en-us Fri, 23 Mar 2007 00:00:00 +0530 Tue, 30 Jan 2024 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151729 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals), determining that the date of transfer of shares was March 17, 1998, based on the share purchase agreement and subsequent delivery of shares. Consequently, the capital gains were taxable in the assessment year 1998-99. The assessee's appeal, challenging the date of transfer and applicability of exemptions, was dismissed. The Tribunal emphasized the broader interpretation of "transfer" under the Income-tax Act, 1961, over definitions in other statutes. The decision was delivered in open court on March 23, 2007. Case-Laws Income Tax Fri, 23 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151729