https://www.taxtmi.com/caselaws?id=275727 The High Court upheld the Assessing Officer's decision on the effective date of transfer for capital gains exemption, emphasizing the importance of not interfering with plausible views. The judgment stressed considering all relevant factors in determining the transfer date for tax purposes and upholding fair assessment principles under the Income Tax Act. The Court ruled in favor of the respondent-assessee, supporting the AO's interpretation that the date of signing form No.7B constituted the transfer date for calculating exemption periods under Sections 54EC and 54F. en-us Wed, 29 Nov 2017 00:00:00 +0530 Sun, 14 Oct 2018 18:42:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275727 The High Court upheld the Assessing Officer's decision on the effective date of transfer for capital gains exemption, emphasizing the importance of not interfering with plausible views. The judgment stressed considering all relevant factors in determining the transfer date for tax purposes and upholding fair assessment principles under the Income Tax Act. The Court ruled in favor of the respondent-assessee, supporting the AO's interpretation that the date of signing form No.7B constituted the transfer date for calculating exemption periods under Sections 54EC and 54F. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275727