https://www.taxtmi.com/caselaws?id=374895 The Tribunal allowed the appeal, overturning the Commissioner of Income Tax (Appeals) decision to restrict exemption u/s. 54EC to Rs. 50,00,000. The Tribunal held the appellant entitled to claim the deduction at Rs. 1 crore, following a precedent set by the Hon'ble Madras High Court. The decision was based on the investment made within the specified time period, with no contrary rulings from higher courts. The Assessing Officer was directed to allow the deduction on the entire investment amount in REC Bonds. en-us Thu, 07 Feb 2019 00:00:00 +0530 Tue, 12 Feb 2019 07:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374895 The Tribunal allowed the appeal, overturning the Commissioner of Income Tax (Appeals) decision to restrict exemption u/s. 54EC to Rs. 50,00,000. The Tribunal held the appellant entitled to claim the deduction at Rs. 1 crore, following a precedent set by the Hon'ble Madras High Court. The decision was based on the investment made within the specified time period, with no contrary rulings from higher courts. The Assessing Officer was directed to allow the deduction on the entire investment amount in REC Bonds. Case-Laws Income Tax Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374895