https://www.taxtmi.com/caselaws?id=210399 The Tribunal held that section 50C of the I.T. Act applies only for the purpose of section 48 and not for denying exemption under section 54EC. The assessee qualified for exemption under section 54EC as the entire sale consideration was invested in bonds. The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the addition made by the lower authorities. en-us Fri, 18 Nov 2011 00:00:00 +0530 Fri, 22 Apr 2016 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210399 The Tribunal held that section 50C of the I.T. Act applies only for the purpose of section 48 and not for denying exemption under section 54EC. The assessee qualified for exemption under section 54EC as the entire sale consideration was invested in bonds. The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the addition made by the lower authorities. Case-Laws Income Tax Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210399