2013 (2) TMI 700 - AT - Income Tax

Summary

The ITAT Mumbai dismissed the department's appeal against the order of CIT(A) regarding the deduction of Rs. 49.98 lacs u/s 54EC and section 54. The appeal was based on a rectification application by the assessee, which was allowed by the CIT(A). The ITAT found no merit in the department's appeal as there was no further modification in the direction. The appeal was dismissed on February 20, 2013.