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Section 54EC Count Six month from additional stamp duty payment date: ITAT
Case Law Details
- Case Name
- Shri Anil Kumar Dulichand Vs ACIT-17 (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Mumbai
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Shri Anil Kumar Dulichand Vs ACIT (ITAT Mumbai)
As per section 54EC of the Act, any Long Term Capital Gain (LTCG), arising to any assessee, from the transfer of any capital asset on or after 01.04.2000 shall be exempt to the extent such capital gain is invested within a period of six months after the date of such transfer in the long-term specified asset provided such specified asset is not transferred or converted into money within a period of three years from the date of its acquisition. The investment is restricted only upto Rs.50,00,000/-. In the instant case, the purchase agreement was re...
