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2022 (3) TMI 248 - ITAT DELHIClaim of exemption u/s. 54EC - Time limit for investment of long-term capital asset - HELD THAT:- Time limit for investment of long-term capital asset, is six months from the date of transfer and even if such investment falls under two financial years the benefit of investment of ₹ 50 Lakhs individually in each financial year as claimed by the Assessee herein, cannot be denied. Consequently, the order under challenge is liable to be set aside while allowing appeal of the Assessee, hence ordered accordingly.
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