https://www.taxtmi.com/caselaws?id=58372 The Tribunal upheld the Commissioner's decision that the assessee was ineligible for relief under section 11(1A) for capital gains earned from the sale of shares. The Tribunal found that the assessee failed to apply the income within the specified time as required by law, thus not meeting the conditions for exemption under section 11(1A). The appeal filed by the assessee was dismissed, affirming the Commissioner's ruling that the assessment was prejudicial to the revenue's interest and that the assessee did not acquire another capital asset in accordance with section 11(1A). en-us Fri, 16 Apr 1982 00:00:00 +0530 Sat, 18 Dec 2010 16:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58372 The Tribunal upheld the Commissioner's decision that the assessee was ineligible for relief under section 11(1A) for capital gains earned from the sale of shares. The Tribunal found that the assessee failed to apply the income within the specified time as required by law, thus not meeting the conditions for exemption under section 11(1A). The appeal filed by the assessee was dismissed, affirming the Commissioner's ruling that the assessment was prejudicial to the revenue's interest and that the assessee did not acquire another capital asset in accordance with section 11(1A). Case-Laws Income Tax Fri, 16 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58372