Section 54EC: Long-term Capital Gains Exemption Shouldn't Be Denied Due to Technicalities, No Limitation Period for Applications.

Section 54EC: Long-term Capital Gains Exemption Shouldn't Be Denied Due to Technicalities, No Limitation Period for Applications. https://www.taxtmi.com/highlights?id=63462 LTCG - Exemption of capital gains in terms of Section 54EC - Assessee should not suffer where no default was committed by him in submitting the application under Section 119[2][b] of the Act on 24.05.2011 i.e., when there was no period of limitation prescribed. No application could be denied on technical grounds. - HC en-us Sat, 14 May 2022 08:39:58 +0530 Sat, 14 May 2022 08:39:58 +0530 TaxTMI RSS Generator Section 54EC: Long-term Capital Gains Exemption Shouldn't Be Denied Due to Technicalities, No Limitation Period for Applications. https://www.taxtmi.com/highlights?id=63462 LTCG - Exemption of capital gains in terms of Section 54EC - Assessee should not suffer where no default was committed by him in submitting the application under Section 119[2][b] of the Act on 24.05.2011 i.e., when there was no period of limitation prescribed. No application could be denied on technical grounds. - HC Highlights Income Tax Sat, 14 May 2022 08:39:58 +0530 https://www.taxtmi.com/highlights?id=63462