https://www.taxtmi.com/caselaws?id=408409 The Tribunal dismissed the appeal, upholding the addition of long-term capital gain due to delayed investment in eligible bonds under section 54EC of the Income Tax Act. The assessee's claim for exemption was denied as the investment in long-term capital gain bonds was made after the stipulated period, rendering the assessee ineligible for the exemption. The Tribunal found that the delay in investment did not meet the statutory requirements, leading to the dismissal of the appeal and affirmation of the Assessing Officer's decision. en-us Mon, 10 May 2021 00:00:00 +0530 Fri, 11 Jun 2021 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408409 The Tribunal dismissed the appeal, upholding the addition of long-term capital gain due to delayed investment in eligible bonds under section 54EC of the Income Tax Act. The assessee's claim for exemption was denied as the investment in long-term capital gain bonds was made after the stipulated period, rendering the assessee ineligible for the exemption. The Tribunal found that the delay in investment did not meet the statutory requirements, leading to the dismissal of the appeal and affirmation of the Assessing Officer's decision. Case-Laws Income Tax Mon, 10 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408409