amit surpuriya
(MANAGER)
(24 Points)
Replied 15 May 2012
For Details of REC 54EC Capital Gain Bonds Click here
For Details of NHAI 54EC Capital Gain Bonds Click here
Sagar Tilak
(PROPRIETOR)
(396 Points)
Replied 15 May 2012
| Originally posted by : Pallavi Kapase | ||
 |
Please anyone give reference of case in which exemption u/s 54EC is allowed more than Rs. 50 lacs..... |
 |
Dear Pallavi,
Ahmedabad Tribunal has ruled in favour of assessee on 30th March 2012.
The case is Aspi Ginwala Vs. ACIT [TS-192-ITAT-2012(Ahd)]
The tribunal has ruled in favour of the assessee saying that proviso to section 54EC does not restrict to make investment to Rs.50 lacs if the eligible period falls between two financial years.
I hope the reply resolves your query.
CAclubindia
