https://www.taxtmi.com/caselaws?id=213819 The Tribunal held that capital gains invested in REC Capital Gain Bonds by minors should be considered separately for deductions under Section 54EC, even when their income is clubbed with the assessee's income under Section 64(1A). The revenue's appeals were dismissed, affirming the CIT(A)'s decision to allow the assessee's claim for deductions. The Tribunal emphasized that minors are separate assessable entities, and their income should be treated independently for deductions, supporting the assessee's position. en-us Fri, 01 Jun 2012 00:00:00 +0530 Wed, 06 Jun 2012 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213819 The Tribunal held that capital gains invested in REC Capital Gain Bonds by minors should be considered separately for deductions under Section 54EC, even when their income is clubbed with the assessee's income under Section 64(1A). The revenue's appeals were dismissed, affirming the CIT(A)'s decision to allow the assessee's claim for deductions. The Tribunal emphasized that minors are separate assessable entities, and their income should be treated independently for deductions, supporting the assessee's position. Case-Laws Income Tax Fri, 01 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213819