Assessee & minor children entitled to separate investment & deduction of Rs.50 lakhs u/s 54EC

ITAT KOLKATA  Deputy Commissioner of Income-tax v. Rajeev Goyal IT Appeal Nos. 951 & 963 (Kol.) of 2011 – Assessment Year 2007-08 Date of Decision – June 1, 2012 ORDER Mahavir Singh, Judicial Member – Both these appeals by revenue are arising out of separate orders of CIT(A)-VIII, Kolkata in Appeal No. 286 & 285/CIT(A)-VII1/Kol/09-10 dated 17.02.2011. Assessments were framed by DCIT, Circle-8, Kolkata u/s. 143(3) of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for Assessment Years 2007-08 vide his separate orders bot...