https://www.taxtmi.com/caselaws?id=217900 The court upheld the appellant's claim for exemption under section 54EA of the Income Tax Act. The appellant's investment in specified securities, received in exchange for the sale consideration, was deemed eligible for deduction. The court emphasized that the full value of consideration received or accruing, including non-cash receipts like flats, falls within the definition of 'Net Consideration.' The court affirmed that investing in specified securities after transferring a long-term capital asset entitles the assessee to the deduction under section 54EA. The Assessing Authority's decision denying the exemption was overturned, confirming the appellant's eligibility for the deduction. en-us Thu, 16 Aug 2012 00:00:00 +0530 Tue, 30 Oct 2012 08:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217900 The court upheld the appellant's claim for exemption under section 54EA of the Income Tax Act. The appellant's investment in specified securities, received in exchange for the sale consideration, was deemed eligible for deduction. The court emphasized that the full value of consideration received or accruing, including non-cash receipts like flats, falls within the definition of 'Net Consideration.' The court affirmed that investing in specified securities after transferring a long-term capital asset entitles the assessee to the deduction under section 54EA. The Assessing Authority's decision denying the exemption was overturned, confirming the appellant's eligibility for the deduction. Case-Laws Income Tax Thu, 16 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217900