https://www.taxtmi.com/caselaws?id=239505 The Tribunal allowed the assessee to deduct the cost of new premises from the sale consideration for computing capital gains under section 50 of the Income Tax Act. The Tribunal also upheld the exemption under section 54EC for the investment in REC Bonds, dismissing the department's appeal. en-us Fri, 08 Nov 2013 00:00:00 +0530 Fri, 15 Nov 2013 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239505 The Tribunal allowed the assessee to deduct the cost of new premises from the sale consideration for computing capital gains under section 50 of the Income Tax Act. The Tribunal also upheld the exemption under section 54EC for the investment in REC Bonds, dismissing the department's appeal. Case-Laws Income Tax Fri, 08 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239505