https://www.taxtmi.com/caselaws?id=56040 The tribunal dismissed two appeals related to exemption under section 54E of the Income-tax Act, 1961. It held that the exemption should be determined with reference to each asset separately, excluding consideration from assets resulting in capital losses. The judgment emphasized interpreting tax exemption provisions in line with the specific language and purpose of the statutory provisions. en-us Sat, 16 Oct 1982 00:00:00 +0530 Wed, 01 Dec 2010 12:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56040 The tribunal dismissed two appeals related to exemption under section 54E of the Income-tax Act, 1961. It held that the exemption should be determined with reference to each asset separately, excluding consideration from assets resulting in capital losses. The judgment emphasized interpreting tax exemption provisions in line with the specific language and purpose of the statutory provisions. Case-Laws Income Tax Sat, 16 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56040