https://www.taxtmi.com/caselaws?id=56466 The tribunal directed the Assessing Officer to determine the nature of capital gains from the sale of shares received on debenture conversion based on the acquisition date of the debentures. The orders denying exemption under section 54E and interest levy under section 234B were set aside for reconsideration. The case was remanded for reassessment of capital gains treatment, exemption eligibility, and interest levy in accordance with the Income Tax Act provisions. en-us Tue, 30 Oct 2001 00:00:00 +0530 Wed, 07 Oct 2015 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56466 The tribunal directed the Assessing Officer to determine the nature of capital gains from the sale of shares received on debenture conversion based on the acquisition date of the debentures. The orders denying exemption under section 54E and interest levy under section 234B were set aside for reconsideration. The case was remanded for reassessment of capital gains treatment, exemption eligibility, and interest levy in accordance with the Income Tax Act provisions. Case-Laws Income Tax Tue, 30 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56466