https://www.taxtmi.com/caselaws?id=23139 The court ruled in favor of the petitioner, holding that the benefit under section 54E of the Income Tax Act should be available to the petitioner. The court interpreted that the six-month investment period should be reckoned from the date of compensation receipt, not the date of transfer. Additionally, the court determined the date of transfer as the date following the compensation receipt and confirmed that the petitioner's investments in specified securities met the requirements. The court quashed the previous order, directing reassessment of benefits for the petitioner in accordance with the judgment, emphasizing fairness and practicality in tax law interpretation. en-us Thu, 22 Mar 1990 00:00:00 +0530 Thu, 17 Dec 2009 10:37:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23139 The court ruled in favor of the petitioner, holding that the benefit under section 54E of the Income Tax Act should be available to the petitioner. The court interpreted that the six-month investment period should be reckoned from the date of compensation receipt, not the date of transfer. Additionally, the court determined the date of transfer as the date following the compensation receipt and confirmed that the petitioner's investments in specified securities met the requirements. The court quashed the previous order, directing reassessment of benefits for the petitioner in accordance with the judgment, emphasizing fairness and practicality in tax law interpretation. Case-Laws Income Tax Thu, 22 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23139