https://www.taxtmi.com/caselaws?id=390794 The High Court dismissed the appeals, upholding the condonation of delay in re-filing applications and the deductions under Sections 54 and 54EC of the Income Tax Act, 1961. The court emphasized the beneficial nature of the provisions for assessees replacing long-term capital assets and found no merit in the Revenue's arguments regarding the suppression of maintenance charges. The court affirmed the factual findings of the lower tax authorities and ITAT, concluding that no substantial question of law required consideration. en-us Thu, 19 Dec 2019 00:00:00 +0530 Mon, 27 Jul 2020 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390794 The High Court dismissed the appeals, upholding the condonation of delay in re-filing applications and the deductions under Sections 54 and 54EC of the Income Tax Act, 1961. The court emphasized the beneficial nature of the provisions for assessees replacing long-term capital assets and found no merit in the Revenue's arguments regarding the suppression of maintenance charges. The court affirmed the factual findings of the lower tax authorities and ITAT, concluding that no substantial question of law required consideration. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390794