https://www.taxtmi.com/caselaws?id=382897 The Tribunal upheld the taxation of the excess amount over the capital account balance as capital gains but recalculated the amount, considering the exemption under Section 54EC. Ultimately, no capital gains tax was applicable in this case, as the assessee had invested in specified bonds. The appeal of the assessee was allowed, with the order pronounced on 3rd May 2019. en-us Fri, 03 May 2019 00:00:00 +0530 Thu, 11 Jul 2019 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382897 The Tribunal upheld the taxation of the excess amount over the capital account balance as capital gains but recalculated the amount, considering the exemption under Section 54EC. Ultimately, no capital gains tax was applicable in this case, as the assessee had invested in specified bonds. The appeal of the assessee was allowed, with the order pronounced on 3rd May 2019. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382897