https://www.taxtmi.com/caselaws?id=198939 The Tribunal partly allowed both appeals, granting the assessee the benefit of a higher deduction under section 54EC for investments made in two different financial years. The Tribunal held that the limit of Rs. 50 lakh under section 54EC applies per financial year, allowing a total deduction of Rs. 1 crore if the assessee invests Rs. 50 lakh each in two different financial years, meeting all other conditions of the section. en-us Wed, 07 Sep 2016 00:00:00 +0530 Wed, 14 Feb 2018 09:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198939 The Tribunal partly allowed both appeals, granting the assessee the benefit of a higher deduction under section 54EC for investments made in two different financial years. The Tribunal held that the limit of Rs. 50 lakh under section 54EC applies per financial year, allowing a total deduction of Rs. 1 crore if the assessee invests Rs. 50 lakh each in two different financial years, meeting all other conditions of the section. Case-Laws Income Tax Wed, 07 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198939