https://www.taxtmi.com/caselaws?id=797940 For Assessment Year 2013-14, Section 54EC permitted exemption for investments made within six months of transferring a long-term capital asset. The financial-year ceiling applied to investments made during each financial year; therefore, investments of Rs. 50 lakh in each of two separate financial years within the six-month period qualified for exemption of the full Rs. 1 crore. The later aggregate cap covering the financial year of transfer and the following financial year applied only from Assessment Year 2015-16 and did not affect the earlier year. en-us Fri, 14 Aug 2026 00:00:00 +0530 Mon, 31 Aug 2026 08:28:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797940 For Assessment Year 2013-14, Section 54EC permitted exemption for investments made within six months of transferring a long-term capital asset. The financial-year ceiling applied to investments made during each financial year; therefore, investments of Rs. 50 lakh in each of two separate financial years within the six-month period qualified for exemption of the full Rs. 1 crore. The later aggregate cap covering the financial year of transfer and the following financial year applied only from Assessment Year 2015-16 and did not affect the earlier year. Case-Laws Income Tax Fri, 14 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797940