{"id":14814,"date":"2021-01-03T15:17:44","date_gmt":"2021-01-03T15:17:44","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ramesh-v-shetty-v-acit-2020-82-itr-36-snbang-trib\/"},"modified":"2021-01-03T15:17:44","modified_gmt":"2021-01-03T15:17:44","slug":"ramesh-v-shetty-v-acit-2020-82-itr-36-snbang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ramesh-v-shetty-v-acit-2020-82-itr-36-snbang-trib\/","title":{"rendered":"Ramesh V. Shetty v .ACIT (2020) 82 ITR 36 (SN)(Bang) (Trib)"},"content":{"rendered":"<p>Tribunal held that the assessee had invested Rs. 71 Lakhs in two different Financial years and within six months from the date of\u00a0 transfer of\u00a0 the capital assets. The limit of\u00a0 Rs. 50 Lakhs was per the Financial Year. Hence, the assessee was eligible for deduction of\u00a0 Rs. 71 Lakhs\u00a0 under S. 54EC of the Act.\u00a0 Amendment by Finance (No. 2) Act, 2014 applies prospectively. \u00a0.( AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54EC : Capital gains &#8211; Investment in bonds -Time limit for investment is  six months  from date of  transfer- two financial years -Entitle to exemption &#8211; Amendment by Finance (No. 2) Act, 2014 applies prospectively. [ S. 45 ]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-14814","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3QW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14814"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14814\/revisions"}],"predecessor-version":[{"id":14815,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14814\/revisions\/14815"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}