{"id":20020,"date":"2021-07-07T12:34:18","date_gmt":"2021-07-07T07:04:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-neena-krishna-menon-smt-2021-277-taxman-211-karn-hc\/"},"modified":"2021-07-07T12:34:18","modified_gmt":"2021-07-07T07:04:18","slug":"cit-v-neena-krishna-menon-smt-2021-277-taxman-211-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-neena-krishna-menon-smt-2021-277-taxman-211-karn-hc\/","title":{"rendered":"CIT v. Neena Krishna Menon (Smt.) (2021) 277 Taxman 211 (Karn.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 amendment to section 54EC brought with effect from 1-4-2015 restricting investment in assets from sale consideration on sale of original asset to Rs. 50 lakhs is prospective in nature, therefore\u00a0 prior to assessment year 2015-16, it was possible for assessee to claim deduction of Rs. 1 crore by investing Rs. 50 lakhs in each of financial years but within six months from date of transfer. Circular No. 3\/2008. \u00a0(AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 54EC : Capital gains-Investment in bonds-Amendment Restricting the investment to  50 lakhs is prospective in nature [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-20020","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5cU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20020","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=20020"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20020\/revisions"}],"predecessor-version":[{"id":20021,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20020\/revisions\/20021"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}