Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1987 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1987 (12) TMI 57 - AT - Income TaxExtract: .......d for exemption u/s. 54E of the Act, we fail to appreciate why the assessee should be denied such exemption when it had in fact, invested the sale realisations in the rural Bonds within stipulated period. In this view of the matter, we have no hesitation in upholding the order of the Commissioner (Appeals). . In the result, the appeal is dismissed.
|