https://www.taxtmi.com/caselaws?id=118344 The Tribunal upheld the Commissioner of Income-tax (Appeals) decision, allowing exemption under section 54EA. The appellant, despite receiving flats instead of cash for land transfer, invested in specified securities. The Tribunal clarified that the investment should be from the net consideration, including consideration accruing. Following a purposive interpretation of the law and citing relevant judicial decisions, the Tribunal affirmed the exemption eligibility, dismissing the revenue's appeal. en-us Mon, 17 Apr 2006 00:00:00 +0530 Sat, 30 Jun 2012 10:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118344 The Tribunal upheld the Commissioner of Income-tax (Appeals) decision, allowing exemption under section 54EA. The appellant, despite receiving flats instead of cash for land transfer, invested in specified securities. The Tribunal clarified that the investment should be from the net consideration, including consideration accruing. Following a purposive interpretation of the law and citing relevant judicial decisions, the Tribunal affirmed the exemption eligibility, dismissing the revenue's appeal. Case-Laws Income Tax Mon, 17 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118344