https://www.taxtmi.com/caselaws?id=795056 Section 54GB permits proportionate exemption of capital gains where investment in eligible start-up equity shares is lower than the net consideration, and the provision contains no specified monetary ceiling. The relevant proviso extends the benefit to residential property transfers completed up to 31 March 2022, covering a September 2021 transfer. The notes state that equity-share subscription, required shareholding and use of funds for new assets were supported by investee-company confirmations and financial material, while contrary observations on manufacturing activity, shareholding and fund utilisation were inconsistent with the record. en-us Thu, 26 Mar 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795056 Section 54GB permits proportionate exemption of capital gains where investment in eligible start-up equity shares is lower than the net consideration, and the provision contains no specified monetary ceiling. The relevant proviso extends the benefit to residential property transfers completed up to 31 March 2022, covering a September 2021 transfer. The notes state that equity-share subscription, required shareholding and use of funds for new assets were supported by investee-company confirmations and financial material, while contrary observations on manufacturing activity, shareholding and fund utilisation were inconsistent with the record. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795056