https://www.taxtmi.com/caselaws?id=244239 The Tribunal allowed the appeal, overturning the decisions of lower authorities, and held that the assessee was eligible for exemption under section 10(23G) for the long term capital gain on the sale of shares of M/s RSPCL to M/s BSES/REL. The Tribunal emphasized that the benefits accrued to the investor could not be denied due to amalgamation, as the investor had a legitimate expectation of receiving approved benefits. Consequently, the disallowance of the exemption claimed by the assessee was deleted. en-us Wed, 30 Oct 2013 00:00:00 +0530 Fri, 21 Feb 2014 09:50:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244239 The Tribunal allowed the appeal, overturning the decisions of lower authorities, and held that the assessee was eligible for exemption under section 10(23G) for the long term capital gain on the sale of shares of M/s RSPCL to M/s BSES/REL. The Tribunal emphasized that the benefits accrued to the investor could not be denied due to amalgamation, as the investor had a legitimate expectation of receiving approved benefits. Consequently, the disallowance of the exemption claimed by the assessee was deleted. Case-Laws Income Tax Wed, 30 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244239