https://www.taxtmi.com/caselaws?id=31266 The High Court upheld the assessee's right to claim exemption under section 54EA of the Income-tax Act, 1961 for enhanced compensation received for land acquisition. The court ruled that the investment made by the assessee, even before receiving the full compensation, was valid for claiming exemption. The court emphasized that the provision did not restrict the timing of investment and found that the assessee had complied with the statutory requirements. The Revenue's appeal was dismissed, affirming the Tribunal's decision on the factual determination of the investments made by the assessee. en-us Wed, 16 Jul 2008 00:00:00 +0530 Sat, 25 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31266 The High Court upheld the assessee's right to claim exemption under section 54EA of the Income-tax Act, 1961 for enhanced compensation received for land acquisition. The court ruled that the investment made by the assessee, even before receiving the full compensation, was valid for claiming exemption. The court emphasized that the provision did not restrict the timing of investment and found that the assessee had complied with the statutory requirements. The Revenue's appeal was dismissed, affirming the Tribunal's decision on the factual determination of the investments made by the assessee. Case-Laws Income Tax Wed, 16 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31266