https://www.taxtmi.com/caselaws?id=173175 The Tribunal allowed the assessee's appeal, overturning the restriction imposed on the exemption claim under section 54EC of the Income-tax Act to Rs. 50 lakhs. The Tribunal held that the assessee's investments in bonds issued by different entities in separate financial years did not justify limiting the exemption claim. The decision was based on the application of relevant case laws and the jurisdictional bench's precedent, leading to the allowance of the assessee's claim for the full exemption amount of Rs. 1 crore. en-us Fri, 01 Nov 2013 00:00:00 +0530 Fri, 14 Oct 2016 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173175 The Tribunal allowed the assessee's appeal, overturning the restriction imposed on the exemption claim under section 54EC of the Income-tax Act to Rs. 50 lakhs. The Tribunal held that the assessee's investments in bonds issued by different entities in separate financial years did not justify limiting the exemption claim. The decision was based on the application of relevant case laws and the jurisdictional bench's precedent, leading to the allowance of the assessee's claim for the full exemption amount of Rs. 1 crore. Case-Laws Income Tax Fri, 01 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173175