https://www.taxtmi.com/caselaws?id=395454 The Tribunal upheld the decision that shares were transferred during the Previous Year (P.Y.) 2002-03, making the capital gains taxable in Assessment Year (A.Y.) 2003-04. The Tribunal partially allowed the appeal regarding exemption under Section 54F, directing the Assessing Officer to verify additional evidence and recalculate the exemption, resulting in the appeal being partly allowed with instructions for relief to the assessee. en-us Tue, 19 May 2020 00:00:00 +0530 Fri, 22 May 2020 13:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395454 The Tribunal upheld the decision that shares were transferred during the Previous Year (P.Y.) 2002-03, making the capital gains taxable in Assessment Year (A.Y.) 2003-04. The Tribunal partially allowed the appeal regarding exemption under Section 54F, directing the Assessing Officer to verify additional evidence and recalculate the exemption, resulting in the appeal being partly allowed with instructions for relief to the assessee. Case-Laws Income Tax Tue, 19 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395454