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section 10 or section 10A or section 10B or section 10BA or section 54 or section 54B or section 54D or section 54EC or section

Section 54EC in The Income Tax Act, 1961 54EC. [ Capital gain not to be charged on investment in certain bonds. [Inserted ... Section 27 (w.e.f. 1.4.2001).] (1) Where the capital gain arises from the transfer of a long-term capital asset [being land or building

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

effect from 1.4.2015, inserted after the existing proviso to sub-section (1) of Section 54EC of the Act, a second proviso, which reads as under ... investment in certain bonds. The existing provisions contained in sub-section (1) of section 54EC provide that where capital gain arises from the transfer

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 ... hereinafter referred to as "REC Bonds"). Section 54EC , insofar as it is relevant, reads as under :- "54EC. (1) Where the capital gain

light of the spirit and purpose of the section. The appellant stated that sec. 54E and 54EC are pari- materia to each other ... saved by reinvestment in specified bonds u/s 54EA (earlier sec. 54E , later sec. 54EB and now sec. 54EC ). The assessee was awarded compensation

effect from 1.4.2015, inserted after the existing proviso to sub- section (1) of Section 54EC of the Act, a second proviso, which reads as under ... effect from 1.4.2015, inserted after the existing proviso to sub-section (1) of Section 54EC of the Act, a second proviso, which reads as under

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

computed under Section 50(2) of the Act. The Assessing Officer also negatived the assessee's claim for deduction under Section 54EC ... short term capital gains under Section 50(2) of the Act and the refusal to allow deduction under Section 54EC of the Act before

holding that the assessee is entitled to capital gains exemption under Section 54EC even though the assessee had invested in REC bonds beyond the stipulated ... holding that the assessee is entitled to capital gains exemption under Section 54EC on the ground that the bonds were not available till the last