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10BA or section 54 or section 54B or section 54D or section 54EC or section 54F or section 54G or section 54GA or section 54GB

Section 54EC in The Income Tax Act, 1961 54EC. [ Capital gain not to be charged on investment in certain bonds. [Inserted

Section 21 in The Finance Act, 2018 21. Amendment of section 54EC. - In section 54EC of the Income-tax Act, with effect from

assessee is eligible for deduction of Rs.1 Crore under Section 54EC , in respect of investment of Rs.50 Lakhs made in two different financial ... bonds to a maximum of Rs.50,00,000/- only under Section 54EC(1) of the Act and accordingly, held that the other

directing the A.O. to allow the claim of deduction u/s. 54EC ? At the instance and request of the Advocates for both the parties ... long term capital gain of Rs.43.36 lacs under Section 54EC of the said Act by purchasing bonds of the Rural Electrification Corporation Limited

directing the Assessing Officer to grant deduction u/s 54EC in respect of the investment made in specified bonds. According to the revenue the investments ... prior to sale of property and hence the criteria prescribed u/s 54EC is not satisfied and therefore assessee is not entitled for deduction

because of the reason that the AO has not granted exemption ufs.54EC for the reason that the sale consideration was treated under the head ... order of CIT(A) allowing the claim of exemption under section 54EC of the Act. For this Revenue as raised following ground No.4: - Page

invested out of the an amount of Rs.19,53,571/- in 54EC & an amount of Rs.13,55,795/- was invested to purchase ... Rural Electrification Bond on 31.07.2012 to avail the exemption u/s 54EC . The assessee invested

Section 27 in The Finance Act, 2017 27. Amendment of section 54EC. - In section 54EC of the Income-tax Act, in sub-section

Revenue; (2) Whether the assessee is entitled to exemption under Section 54EC of the Income Tax Act, 1961 in respect ... were invested in eligible REC bonds and exemption was claimed under Section 54EC of the Income Tax Act (hereinafter referred