Tuesday, 2 July 2013

ITAT allows 1 crore exemption under sec. 54EC as 6 months fall under 2 financial years

IT : Condition for availing of exemption under section 54EC requires that investment can be made within a period of 6 months and if 6 months fall within two different financial years, assessee can make investment in two different financial years provided in a financial year investment made did not exceed Rs. 50 lakhs


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