Court Rules on Executive's Authority in Capital Gains Exemption Notification u/s 54EE.

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....Capital gains exemption u/s 54EE - Non-issuance of notification notifying the fund/long term specified asset - Issuing particular notification under the provisions of the Act lies in the domain of the executive to carry out the object and purpose of the said provision. Issuing the notification is in the exclusive domain of the executive, and a legislative function. This Court is not empowered to go behind the reasons for not issuing the notification u/s 54EE. - HC....