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2014 (1) TMI 1758 - AT - Income TaxEligibility of Deduction u/s.54EC - Held that:- The assessee is entitled to deduction u/s.54EC for the amount of ₹ 50 lakhs each invested in two different financial years which otherwise are invested within a period of 6 months from the date of sale of the capital asset. We accordingly setaside the order of the CIT(A) and direct the Assessing Officer to allow the claim of deduction u/s.54EC made by the assessee. The ground raised by the assessee is accordingly allowed. See ACIT Vs. Shri Raj Kumar Jain & Sons (HUF) [2012 (3) TMI 257 - ITAT JAIPUR ]
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