https://www.taxtmi.com/caselaws?id=336436 The Tribunal upheld the addition under Section 50C of the Income Tax Act, 1961, as the assessee did not challenge the stamp valuation authority's value. However, the disallowance of the exemption claimed under Section 54EC was overturned. The Tribunal allowed the exemption, stating that the investment made within six months from the sale fulfilled the conditions of Section 54EC. As a result, the appeal was partly allowed, with the addition under Section 50C sustained and the exemption under Section 54EC granted to the assessee. en-us Mon, 19 Dec 2016 00:00:00 +0530 Wed, 21 Dec 2016 11:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336436 The Tribunal upheld the addition under Section 50C of the Income Tax Act, 1961, as the assessee did not challenge the stamp valuation authority's value. However, the disallowance of the exemption claimed under Section 54EC was overturned. The Tribunal allowed the exemption, stating that the investment made within six months from the sale fulfilled the conditions of Section 54EC. As a result, the appeal was partly allowed, with the addition under Section 50C sustained and the exemption under Section 54EC granted to the assessee. Case-Laws Income Tax Mon, 19 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336436