Deduction u/s 54EC allowable on investment after six months if bonds were not available

Brief about the case

In the case of ACIT Vs Shri Kamlakar Moghe it was held by Nagpur Bench of Bombay HC that  deduction u/s 54EC can be claimed by the assessee despite making the investment in REC bonds beyond six months if the delay was due to non-availability of the REC Bonds.

High Court Further held that amount paid to sisters for creating better title over the property and to sell the property peacefully is alloowable expenditure U/s. 48(1) in calculation of C

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