https://www.taxtmi.com/caselaws?id=771392 ITAT Kolkata allowed the assessee's appeal regarding LTCG deduction under section 54EC. The assessee invested Rs. 50 lakhs each in NHAI and REC bonds within six months of asset transfer, plus Rs. 25 lakhs in CGHS fixed deposit before return filing due date. The tribunal held that investments made within the prescribed timeframe qualify for exemption, relying on precedents from Madras HC and Karnataka HC. The revenue's denial of exemption was overturned, confirming the assessee's entitlement to claim deduction under section 54EC. en-us Thu, 22 May 2025 00:00:00 +0530 Sat, 24 May 2025 09:00:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771392 ITAT Kolkata allowed the assessee's appeal regarding LTCG deduction under section 54EC. The assessee invested Rs. 50 lakhs each in NHAI and REC bonds within six months of asset transfer, plus Rs. 25 lakhs in CGHS fixed deposit before return filing due date. The tribunal held that investments made within the prescribed timeframe qualify for exemption, relying on precedents from Madras HC and Karnataka HC. The revenue's denial of exemption was overturned, confirming the assessee's entitlement to claim deduction under section 54EC. Case-Laws Income Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771392