Exemption u/s 54EC can be availed by a Trust even if investments are made in the name of trustees or beneficiaries

Facts in brief as emerged from the corresponding assessment order passed u/s. 143(3), dated 1.12.2009 were that the assessee is a trust and during the year disclosed a capital gain of Rs. 87,29,080/-. It was informed that the assessee had invested a sum of Rs. 1,12,00,000/- in Rural Electrification Corporation Ltd. On the said investment, the assessee had claimed exemption u/s. 54EC. A building was owned by the Trust which was sold for a consideration of Rs.2,05,00,000/-. The REC bonds were purchased in the name of trustees or beneficiaries  of t

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