https://www.taxtmi.com/caselaws?id=258877 The Tribunal held that prior to the legislative amendment in A.Y. 2015-16, an assessee could claim a deduction of Rs. 1 crore by investing Rs. 50 lakhs in each of two financial years within six months from the date of transfer. The Tribunal found the AO's decision reasonable, quashed the CIT's order under section 263, and allowed the assessee's appeal. en-us Thu, 05 Mar 2015 00:00:00 +0530 Thu, 23 Apr 2015 06:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258877 The Tribunal held that prior to the legislative amendment in A.Y. 2015-16, an assessee could claim a deduction of Rs. 1 crore by investing Rs. 50 lakhs in each of two financial years within six months from the date of transfer. The Tribunal found the AO's decision reasonable, quashed the CIT's order under section 263, and allowed the assessee's appeal. Case-Laws Income Tax Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258877