https://www.taxtmi.com/caselaws?id=256624 The Tribunal allowed the assessee's appeal regarding disallowance under Section 54EC and the indexed cost of acquisition of the property. The issue of interest levied under Section 234 was deemed consequential and did not necessitate further adjudication. The Tribunal based its decision on the clear language in the proviso to Section 54EC and previous judicial decisions, ruling in favor of the assessee on both issues. en-us Fri, 09 Jan 2015 00:00:00 +0530 Sat, 15 Oct 2016 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256624 The Tribunal allowed the assessee's appeal regarding disallowance under Section 54EC and the indexed cost of acquisition of the property. The issue of interest levied under Section 234 was deemed consequential and did not necessitate further adjudication. The Tribunal based its decision on the clear language in the proviso to Section 54EC and previous judicial decisions, ruling in favor of the assessee on both issues. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256624