The provisions of sections 54 and 54EC of the Act are applicable ...

Income Tax

November 21, 2015

The provisions of sections 54 and 54EC of the Act are applicable only in respect of gain arising from transfer of long-term capital asset. In this case, the gain arose from the transfer was short-term capital gain. Therefore, the provisions of sections 54EC and 54 are not applicable at all. - AT

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The provisions of sections 54 and 54EC of the Act are applicable ...

Income Tax

November 21, 2015

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