https://www.taxtmi.com/caselaws?id=186163 The Tribunal allowed the appeals, holding that the assessees were entitled to a deduction under Section 54EC for investments of Rs. 50 lakhs each in two different financial years, within six months from the transfer of the capital asset. The decision relied on the proviso to Section 54EC, judicial precedents, and a CBDT explanatory note, overturning the CIT(A)'s order and directing the AO to allow the claimed deductions. en-us Fri, 31 Jan 2014 00:00:00 +0530 Thu, 08 Sep 2016 19:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186163 The Tribunal allowed the appeals, holding that the assessees were entitled to a deduction under Section 54EC for investments of Rs. 50 lakhs each in two different financial years, within six months from the transfer of the capital asset. The decision relied on the proviso to Section 54EC, judicial precedents, and a CBDT explanatory note, overturning the CIT(A)'s order and directing the AO to allow the claimed deductions. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186163