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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Capital gains u/s 54EC – assessee cannot be deprived of this ...


Court Affirms Assessee's Right to Capital Gains Exemption Despite Limited Bond Availability u/s 54EC.

August 4, 2014

Case Laws     Income Tax     HC

Capital gains u/s 54EC – assessee cannot be deprived of this right conferred by the Act for no fault of theirs - the availability of the bonds only for a limited time during the period cannot prejudice the assessee's right to exercise the same upto the last date - HC

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