https://www.taxtmi.com/caselaws?id=243370 The High Court upheld the Tribunal's decision, determining that the capital gain was long-term based on the holding period starting from the initial allotment date. The assessee was entitled to exemptions under Sections 54EC and 54F of the Income Tax Act. The court emphasized interpreting provisions equitably, considering the assessee's actions and legislative intent. The Revenue's appeal was dismissed, and the substantial question of law favored the assessee. en-us Mon, 28 Oct 2013 00:00:00 +0530 Mon, 03 Aug 2026 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243370 The High Court upheld the Tribunal's decision, determining that the capital gain was long-term based on the holding period starting from the initial allotment date. The assessee was entitled to exemptions under Sections 54EC and 54F of the Income Tax Act. The court emphasized interpreting provisions equitably, considering the assessee's actions and legislative intent. The Revenue's appeal was dismissed, and the substantial question of law favored the assessee. Case-Laws Income Tax Mon, 28 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243370