https://www.taxtmi.com/caselaws?id=70334 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 50 lakhs invested by the assessee in M/s Egmore Benefit Fund Society Ltd., despite not meeting s. 11(5) criteria, due to circumstances beyond control. The assessee's genuine efforts to reinvest were hindered by garnishee proceedings against a third party, preventing compliance with the Act. The principle of not compelling the impossible was applied, leading to the dismissal of the Revenue's appeal. The inability to reinvest in specified securities was deemed justified, resulting in the deletion of the addition for the assessment year. en-us Wed, 03 Dec 2008 00:00:00 +0530 Fri, 15 Apr 2011 15:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70334 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 50 lakhs invested by the assessee in M/s Egmore Benefit Fund Society Ltd., despite not meeting s. 11(5) criteria, due to circumstances beyond control. The assessee's genuine efforts to reinvest were hindered by garnishee proceedings against a third party, preventing compliance with the Act. The principle of not compelling the impossible was applied, leading to the dismissal of the Revenue's appeal. The inability to reinvest in specified securities was deemed justified, resulting in the deletion of the addition for the assessment year. Case-Laws Income Tax Wed, 03 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70334