https://www.taxtmi.com/caselaws?id=377337 The High Court dismissed the revenue's appeal, upholding the Tribunal's decision. The court found no error in allowing the exemption under Section 54EC of the Income Tax Act, determining the assessment year for taxation related to share sales, and interpreting Section 2(47) on deeming provisions for asset transfers. The comparison with the Apex Court's judgment favored the Tribunal's decision, emphasizing the case's factual nuances in tax law interpretation. The judgment underscored the significance of factual considerations in tax liability determinations and exemptions, concluding no substantial legal question necessitated intervention. en-us Tue, 12 Mar 2019 00:00:00 +0530 Wed, 28 Aug 2019 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377337 The High Court dismissed the revenue's appeal, upholding the Tribunal's decision. The court found no error in allowing the exemption under Section 54EC of the Income Tax Act, determining the assessment year for taxation related to share sales, and interpreting Section 2(47) on deeming provisions for asset transfers. The comparison with the Apex Court's judgment favored the Tribunal's decision, emphasizing the case's factual nuances in tax law interpretation. The judgment underscored the significance of factual considerations in tax liability determinations and exemptions, concluding no substantial legal question necessitated intervention. Case-Laws Income Tax Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377337