https://www.taxtmi.com/caselaws?id=59815 Where the source of investment for capital gains exemption under section 54E could not be conclusively traced to a particular sale transaction, the factual doubt was resolved in favour of the assessee. The assessee was permitted to correlate the sale proceeds of one block of shares with the purchase of the unit trust investment, and appropriation of those identified proceeds to the qualifying investment was accepted. On that basis, the exemption was treated as available to the extent of the capital gain embedded in the relevant sale proceeds, and the Revenue's computation was not sustained. en-us Sat, 26 Oct 1985 00:00:00 +0530 Sat, 01 Jan 2011 12:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59815 Where the source of investment for capital gains exemption under section 54E could not be conclusively traced to a particular sale transaction, the factual doubt was resolved in favour of the assessee. The assessee was permitted to correlate the sale proceeds of one block of shares with the purchase of the unit trust investment, and appropriation of those identified proceeds to the qualifying investment was accepted. On that basis, the exemption was treated as available to the extent of the capital gain embedded in the relevant sale proceeds, and the Revenue's computation was not sustained. Case-Laws Income Tax Sat, 26 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59815