https://www.taxtmi.com/caselaws?id=210469 The Tribunal determined that the actual date of transfer of shares was 28th February 2005, based on the Board of Directors' approval and registration date. Consequently, the investment in specified bonds on 30th August 2005 was deemed eligible for deduction under section 54EC of the Income Tax Act, 1961, as it fell within the six-month period from the transfer date. The Tribunal's reliance on the General Clauses Act definition of "month" as per the British calendar supported this interpretation, leading to a favorable outcome for the assessee in the appeal. en-us Fri, 25 Nov 2011 00:00:00 +0530 Sat, 04 Feb 2012 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210469 The Tribunal determined that the actual date of transfer of shares was 28th February 2005, based on the Board of Directors' approval and registration date. Consequently, the investment in specified bonds on 30th August 2005 was deemed eligible for deduction under section 54EC of the Income Tax Act, 1961, as it fell within the six-month period from the transfer date. The Tribunal's reliance on the General Clauses Act definition of "month" as per the British calendar supported this interpretation, leading to a favorable outcome for the assessee in the appeal. Case-Laws Income Tax Fri, 25 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210469