https://www.taxtmi.com/caselaws?id=400559 The Tribunal ruled in favor of the assessee, allowing the exemption under Section 54EC of the Income Tax Act. The dispute centered on the interpretation of provisions regarding investment in specified bonds, particularly concerning the time limit and quantum of investment. The Tribunal considered relevant amendments and decisions by other courts, ultimately supporting the assessee's claim for exemption despite the investment being made in two installments over different financial years. en-us Fri, 06 Nov 2020 00:00:00 +0530 Tue, 10 Nov 2020 07:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400559 The Tribunal ruled in favor of the assessee, allowing the exemption under Section 54EC of the Income Tax Act. The dispute centered on the interpretation of provisions regarding investment in specified bonds, particularly concerning the time limit and quantum of investment. The Tribunal considered relevant amendments and decisions by other courts, ultimately supporting the assessee's claim for exemption despite the investment being made in two installments over different financial years. Case-Laws Income Tax Fri, 06 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400559