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2015 (12) TMI 618 - AT - Income TaxEligibility for exemption u/s 54EC - whether the investment was made by the assessee within the six months from the transfer of the original asset as prescribed u/s 54EC - Held that:- The assessee had filed an application with National Housing Bank on 23.12.2004 and submitted along with this application Cheque No.669766 drawn on bank of India, Mulund Branch Mumbai, dated 23.12.2004. This fact has not been disputed by the Ld. DR appearing on behalf of the revenue. Thus, assessee has clearly made the investment within the period of 180 days also. Thus, viewed from any angle it can be safely said that the assessee has made investment within the period of six months. The assessee should be granted the benefit of deduction and the same has been wrongly denied to the assessee. - Decided in favour of assessee.
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