https://www.taxtmi.com/caselaws?id=795056 Section 54GB permits proportionate non-chargeability of capital gains where the cost of eligible start-up equity shares is lower than the net consideration from the transferred residential property. The applicable proviso covers transfers made up to 31 March 2022, bringing a September 2021 transfer within the eligible period. No Rs.50 lakh ceiling applies under Section 54GB. Eligibility depends on subscription to equity shares, requisite shareholding and use of the investment for new assets. Findings alleging absence of manufacturing activity, inadequate shareholding or non-utilisation cannot stand where they depart from assessment findings and disregard the investee company's confirmations and financial records. 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 non-chargeability of capital gains where the cost of eligible start-up equity shares is lower than the net consideration from the transferred residential property. The applicable proviso covers transfers made up to 31 March 2022, bringing a September 2021 transfer within the eligible period. No Rs.50 lakh ceiling applies under Section 54GB. Eligibility depends on subscription to equity shares, requisite shareholding and use of the investment for new assets. Findings alleging absence of manufacturing activity, inadequate shareholding or non-utilisation cannot stand where they depart from assessment findings and disregard the investee company's confirmations and financial records. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795056