2019 (8) TMI 1073 - SCH - Income Tax

Revision u/s 263 - disallow the claim of exemption u/s 54EC and 54F - if the AO has taken one plausible view, the Commissioner cannot interfere with such view, merely because he has taken a different view - HELD THAT - Keeping in view the tax effect involved in this matter, we see no reason to interfere in this matter. The special leave petition is dismissed, leaving all the questions of law open.

Summary

The Supreme Court dismissed the special leave petition, condoned delay, and left all questions of law open. Pending applications were disposed of. (Case citation: 2019 (8) TMI 1073 - SC)