| COURT: | Madras High Court |
| CORAM: | G. M. Akbar Ali J, R. Sudhakar J |
| SECTION(S): | 54EC |
| GENRE: | Domestic Tax |
| CATCH WORDS: | Deduction u/s 54EC |
| COUNSEL: | Pushya Sitaraman |
| DATE: | September 15, 2014 (Date of pronouncement) |
| DATE: | November 7, 2014 (Date of publication) |
| AY: | 2008-09 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 54EC: Assessee is eligible for deduction of Rs.1 Crore in respect of investment of Rs.50 Lakhs made in two different financial years. Proviso to s. 54EC seeking to curb this has effect from AY 2015-16 | |
(i) On a plain reading of Section 54EC(1) of the Act it is clear that it restricts the time limit for the period of investment after the property has been sold to six months. There is no cap on the …
Recent Comments