https://www.taxtmi.com/caselaws?id=259908 The Tribunal partly allowed the Revenue's appeal for statistical purposes, reducing the estimated income rate from 10% to 8% for the contracting business. The claim for exemption under section 54EC was disallowed as the investment was made after the statutory period for the short term capital gains. The Tribunal remanded the matter to the Assessing Officer for a fresh decision based on new facts presented, allowing both parties' appeals for statistical purposes. en-us Wed, 29 Apr 2015 00:00:00 +0530 Tue, 26 May 2015 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259908 The Tribunal partly allowed the Revenue's appeal for statistical purposes, reducing the estimated income rate from 10% to 8% for the contracting business. The claim for exemption under section 54EC was disallowed as the investment was made after the statutory period for the short term capital gains. The Tribunal remanded the matter to the Assessing Officer for a fresh decision based on new facts presented, allowing both parties' appeals for statistical purposes. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259908