https://www.taxtmi.com/caselaws?id=336895 The Tribunal held that the assessment order passed by the Assessing Officer was not erroneous or prejudicial to the interest of the revenue. It found that the Assessing Officer had adequately examined the issue of capital gains and exemptions under sections 54EC and 54F, and the order was deemed appropriate. Additionally, the Tribunal determined that the effective date of share transfer for computing the limitation period for investments under sections 54EC and 54F should be the date of execution and delivery of the share transfer form, allowing the exemptions claimed by the assessee. The CIT's order under section 263 was quashed, and the assessment order was restored for both appeals. en-us Fri, 09 Dec 2016 00:00:00 +0530 Fri, 30 Dec 2016 17:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336895 The Tribunal held that the assessment order passed by the Assessing Officer was not erroneous or prejudicial to the interest of the revenue. It found that the Assessing Officer had adequately examined the issue of capital gains and exemptions under sections 54EC and 54F, and the order was deemed appropriate. Additionally, the Tribunal determined that the effective date of share transfer for computing the limitation period for investments under sections 54EC and 54F should be the date of execution and delivery of the share transfer form, allowing the exemptions claimed by the assessee. The CIT's order under section 263 was quashed, and the assessment order was restored for both appeals. Case-Laws Income Tax Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336895