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Income-tax Officer, Ward - 2, Margas, Goa Versus Ms. Rania Faleiro - 2013 (11) TMI 518 - ITAT MUMBAI - Income Tax
Deduction u/s 54EC - Investment in two years - The Assessee claimed the exemption of the Capital Gains amounting to Rs. 1,00,00,000 by making investment - The Assessee claims that he has invested the funds within 6 months and therefore is entitled for exemption under Section 54EC - Interpretation of proviso of Section 54EC(1) - Held that - The plain reading of the section as well as the proviso clearly suggests the same interpretation. There is n........