Case Law Details
Case Name : Naresh Chand Vs Income Tax Officer (ITAT Delhi)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Delhi
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Naresh Chand Vs Income Tax Officer (ITAT Delhi)
In the instant case, the sale deed was made in the month of October, 2013 therefore, the Assessee was supposed to invest u/s. 54EC of the Act within ‘six calendar months’ starting from November onwards and upto the month of April, 2014, which in the instant case has been done by the Assessee on dated 30.04.2014, accordingly the Assessee is entitled to get the benefit of exemption u/s. 54EC of the Act. Consequently, the addition of Rs.50 lacs made by the Assessing Officer and affirmed by the ld. Commiss
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