Section 54EC deduction for investment after 6 months from transfer but within 6 month from receipt of Sale Consideration

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The division bench of the Mumbai Income Tax Appellate Tribunal (ITAT), in Lemes E. D’ Souza v. ITO, held that benefit of Investing in NHAI/ REC Bonds under section 54EC of the Income Tax cannot be denied to the assessee merely for the reason that the investment was made beyond 6 months from the date of transfer.

April 20, 2017 at 07:32AM

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from CA Sandeep Kanoi

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