Exemption u/s 54EC - once money is deposited in the bank account ...

Case Laws Income Tax

September 13, 2012

Exemption u/s 54EC - once money is deposited in the bank account it gets merged with other funds of the assessee and it is impossible to locate which funds have been used for purchase of specified assets because the normal businessman would keep on doing various transactions in the bank account. Deduction allowed - AT

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Exemption u/s 54EC - once money is deposited in the bank account ...

Case Laws Income Tax

September 13, 2012

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