[aaykarbhavan] Sec. 54EC deduction available even when part of consideration was invested in REC bonds prior to transfer of asset

Sec. 54EC deduction available even when part of consideration was invested in REC bonds prior to transfer of asset

December 18, 2014[2014] 52 taxmann.com 202 (Indore - Trib.)

IT : Even though prior to transfer of property, assessee invested part of consideration received on sale of property in REC bond, said amount would qualify for deduction under section 54EC

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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