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Non availability of bond is no ground to extend 6 month period u/s. 54EC
Case Law Details
- Case Name
- Smt. Anuradha Venkatesan Vs The Income Tax Officer (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2006- 07
- Courts
- All ITAT, ITAT Chennai
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IN THE ITAT CHENNAI BENCH ‘C’
Smt. Anuradha Venkatesan
Versus
Income-tax Officer
IT APPEAL NO. 952 (MDS.) OF 2011
[ASSESSMENT YEAR 2006-07]
NOVEMBER 20, 2012
ORDER
S.S. Godara, Judicial Member
The assessee has filed the instant appeal against the order of the Commissioner of Income Tax Chennai – IV, Chennai dated 23.03.2011 in C.No. 1321(8)/2010-11/IV for the assessment year 2006-07 in proceedings under section 263 of the Income Tax Act 1961 [in short the “Act”].
2. Brief facts of the case are that the assessee, who is an individual, had sold her agricultural lan...
“…the present assessee has not led any cogent proof of her intention to invest the consideration amount in the REC bonds and efforts undertaken in pursuance of the same. Therefore, same is distinguishable….”.
As is clear from above,and neceassrily immplied,in a case where assessee has proved that non-comliance of the subject requirement within the timeframe was for reasons beyond his control, then the relief cannot be rightly denied.