https://www.taxtmi.com/caselaws?id=348703 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the assessee's claim of a deduction of Rs. 1 crore under Section 54EC of the Income-tax Act, 1961, by investing in NHAI bonds over two financial years. The Tribunal considered conflicting judicial opinions but ultimately followed the Madras High Court ruling, permitting investments spanning two financial years to qualify for the total deduction of Rs. 1 crore. en-us Thu, 21 Sep 2017 00:00:00 +0530 Wed, 27 Sep 2017 09:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348703 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the assessee's claim of a deduction of Rs. 1 crore under Section 54EC of the Income-tax Act, 1961, by investing in NHAI bonds over two financial years. The Tribunal considered conflicting judicial opinions but ultimately followed the Madras High Court ruling, permitting investments spanning two financial years to qualify for the total deduction of Rs. 1 crore. Case-Laws Income Tax Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348703