TMI BlogLTCG - Exemption of capital gains in terms of Section 54EC - Assessee should not suffer where no default...LTCG - Exemption of capital gains in terms of Section 54EC - Assessee should not suffer where no default was committed by him in submitting the application under Section 119[2][b] of the Act on 24.05.2011 i.e., when there was no period of limitation prescribed. No application could be denied on technical grounds. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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