Assessee sold shares and earned LTCG and claimed deduction under section 54F. Assessing Officer denied exemption under section 54F on ground that period of holding of shares was less than 36 months i.e. 31 months. Drawing support from provisions of section 2(42A), Assessing Officer held  that  sale of shares gave rise to STCG and taxed same. CIT(A) affirmed the order of the AO. On appeal the Tribunal held that since provisions of section 2(42A) has been amended to exclude holding period of unlisted shares being held for 12 months to be treated as LTCG but said amendment has come from assessment year 2015-16 and applicable therefrom therefore, amended provisions is not applicable. Since holding period of impugned shares was around 31 months, capital gain was to be treated as LTCG and, hence, Assessing Officer should re-consider claim of exemption under section 54F and decide issue afresh as per provisions of law.(AY. 2013-14)