opinion
that for the purpose of exemption under section 54EC of the Act,
deeming fiction contained in section 50C of the Act cannot be
ignored ... would have no applicability while computing
the exemption as provided in section 54EC of the
Act. He contended that section 45 which is a
charging
opinion
that for the purpose of exemption under section 54EC of the Act,
deeming fiction contained in section 50C of the Act cannot be
ignored ... would have no applicability while computing
the exemption as provided in section 54EC of the
Act. He contended that section 45 which is a
charging
lakh on the sale proceeds after
claiming deduction u/s.54EC and 54G of the Act.
Out of the above claim, disallowance ... land as long term capital gain and claimed
deduction u/s.54EC and 54G . However, the same
is not allowable to you in view
second
reason pertains to the deduction claimed by the assessee under
Section 54EC of the Income Tax Act,1961, which, according to
the Assessing Officer
Commissioner Of Income Tax-Ii vs Kulgam Holdings Pvt ... on 15 January, 2014
Author: Akil
consideration received as per column 2 to get the benefit
u/s.54EC & 54 F of the Income Tax Act, 1961 . Same is shown
QuestionE, we notice that the
same pertains to disallowance of 54EC claim. The
issue is covered by the judgment of this Court in
case
Revenue objects to the assessee's claim of deduction
under Section 54EC of the Income-tax Act, 1961 on the
ground that the investment
Tribunal has substantially erred in interpreting
provisions of section 54EC of the Income Tax Act, 1961, for upholding
edition / disallowance of Rs.50 lacs made
facts in holding that the assessee is
eligible for deduction u/s.54EC of the Act on the Capital Gain
arising on re-purchase
