https://www.taxtmi.com/caselaws?id=379213 The ITAT upheld the CIT(A)'s decision to treat the gains as long-term capital gains based on the date of allotment and granted the benefit of exemption under Section 54F. The appeal by the revenue was dismissed, affirming that the date of allotment is the relevant date for determining the period of holding and eligibility for long-term capital gains tax treatment and related exemptions. en-us Wed, 24 Apr 2019 00:00:00 +0530 Tue, 30 Apr 2019 08:04:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379213 The ITAT upheld the CIT(A)'s decision to treat the gains as long-term capital gains based on the date of allotment and granted the benefit of exemption under Section 54F. The appeal by the revenue was dismissed, affirming that the date of allotment is the relevant date for determining the period of holding and eligibility for long-term capital gains tax treatment and related exemptions. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379213