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2015 (10) TMI 1068 - AT - Income TaxDisallowance of claim for exemption under section 54EC on investment made in NHAI bonds - Held that:- This issue is squarely covered in favour of the assessee by various decisions of the Tribunal and respectfully following the same and keeping in view the Central Board of Direct Taxes Circular No. 3/2008, dated March 12, 2008, we direct the Assessing Officer to allow the claim of the assessee for exemption under section 54EC of the Act. See Shri Vivek Jairazbhoy Versus Dy. Commissioner of Income Tax (International Taxation) [2014 (9) TMI 419 - ITAT BANGALORE] Aspi Ginwala Versus Assistant Commissioner of Income-tax, Circle-5, Baroda [2012 (4) TMI 195 - ITAT AHMEDABAD] - Decided in favour of assessee.
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