Tribunal held that, investment made from advance received on sale of capital asset before date of transfer of asset will qualify for exemption.( AY. 2013-14)
Rahul G. Patel. v. DCIT (2018) 173 ITD 1 / 171 DTR 1/ 195 TTJ 1027/ 67 ITR 280(Ahd) (Trib.)
S. 54EC : Capital gains-Investment in bonds-Investment made from advance received on sale of capital asset before date of transfer of asset will qualify for exemption. [S. 45]