Taxpayer Eligible for Exemption u/s 54EC Despite Using Loan for Bond Investment Instead of Sale Proceeds.

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....Eligibility for exemption u/s. 54EC - there was no question of denying exemption to the assessee u/s. 54EC on the premise that assessee took a loan from Tallam Textiles and made investments in the Bonds and not out of sale proceeds received on sale of capital asset. - AT....