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2011 (2) TMI 26 - AT - Income TaxCapital gain - Exemption under section 54EC - period of 6 months for making investment in long term specified asset was 9-2-2006 - As on that date the cheque had been delivered to NABARD - date of payment of the cheque would be the date of delivery of the cheque - date on which subsequently the cheque was encashed in the ordinary course by NABARD on 15-2-2006 cannot be said to be the date of investment - assessee has substantially complied with the provisions of section 54EC of the Act and was, therefore, entitled to exemption under section 54EC of the Act – Appeal allowed
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