https://www.taxtmi.com/caselaws?id=353058 The Tribunal allowed both appeals, directing the Assessing Officer to permit a deduction of Rs. 1 crore under section 54EC for the assessee. Additionally, the Tribunal ruled in favor of the minor daughter's deduction claim under section 54EC, emphasizing that the minor child's income should be computed independently with all relevant deductions before being clubbed with the parent's income. The Tribunal highlighted the prospective application of the 2014 amendment and upheld the principle of allowing deductions for the minor child's investments. en-us Tue, 31 Oct 2017 00:00:00 +0530 Wed, 27 Dec 2017 09:52:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353058 The Tribunal allowed both appeals, directing the Assessing Officer to permit a deduction of Rs. 1 crore under section 54EC for the assessee. Additionally, the Tribunal ruled in favor of the minor daughter's deduction claim under section 54EC, emphasizing that the minor child's income should be computed independently with all relevant deductions before being clubbed with the parent's income. The Tribunal highlighted the prospective application of the 2014 amendment and upheld the principle of allowing deductions for the minor child's investments. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353058