https://www.taxtmi.com/caselaws?id=262837 The Tribunal dismissed both appeals filed by the Department against separate orders of ld. CIT (A) for A.Y. 2008-09 through a consolidated order. The decision was based on the interpretation of the proviso in sec. 54EC(1) regarding the investment limit for deduction u/s. 54EC, emphasizing a liberal approach in favor of the taxpayer. The Tribunal clarified that the amendment in Sec. 54EC from A.Y. 2015-16 onwards did not apply to the relevant assessment year, leading to the dismissal of the Department's appeals on 10th February 2015. en-us Tue, 10 Feb 2015 00:00:00 +0530 Mon, 23 Feb 2015 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262837 The Tribunal dismissed both appeals filed by the Department against separate orders of ld. CIT (A) for A.Y. 2008-09 through a consolidated order. The decision was based on the interpretation of the proviso in sec. 54EC(1) regarding the investment limit for deduction u/s. 54EC, emphasizing a liberal approach in favor of the taxpayer. The Tribunal clarified that the amendment in Sec. 54EC from A.Y. 2015-16 onwards did not apply to the relevant assessment year, leading to the dismissal of the Department's appeals on 10th February 2015. Case-Laws Income Tax Tue, 10 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262837