https://www.taxtmi.com/caselaws?id=341552 The tribunal allowed the appeal, finding the assessee eligible for exemption under Section 54EC as investments in REC/NHAI bonds were made within six months of receiving sale consideration. The tribunal emphasized interpreting Section 54EC reasonably to encourage investments in specified bonds. The addition by the AO was deleted, and the tribunal left the question of the taxability of gains from the sale of TDR open for future consideration. en-us Mon, 10 Apr 2017 00:00:00 +0530 Wed, 12 Apr 2017 07:14:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341552 The tribunal allowed the appeal, finding the assessee eligible for exemption under Section 54EC as investments in REC/NHAI bonds were made within six months of receiving sale consideration. The tribunal emphasized interpreting Section 54EC reasonably to encourage investments in specified bonds. The addition by the AO was deleted, and the tribunal left the question of the taxability of gains from the sale of TDR open for future consideration. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341552