https://www.taxtmi.com/caselaws?id=392329 The Tribunal allowed the appeal, quashing the order passed under Section 263 by the Principal Commissioner of Income Tax. The AO's decision to allow the benefit of Section 54EC was upheld, finding the investment made within the required timeframe. The alleged excess exemption claimed under Section 54EC was deemed compliant, and the allegation of double deduction was to be rectified by the AO under Section 154 of the Act. en-us Fri, 15 Nov 2019 00:00:00 +0530 Tue, 18 Feb 2020 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392329 The Tribunal allowed the appeal, quashing the order passed under Section 263 by the Principal Commissioner of Income Tax. The AO's decision to allow the benefit of Section 54EC was upheld, finding the investment made within the required timeframe. The alleged excess exemption claimed under Section 54EC was deemed compliant, and the allegation of double deduction was to be rectified by the AO under Section 154 of the Act. Case-Laws Income Tax Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392329