Case Law Details
Case Name : Mr. Lemes E. D’ Souza, ALK Bricks Factory Company, Vs ITO (ITAT Mumbai)
Related Assessment Year : 2009-10
Courts :
All ITAT ITAT Mumbai
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Section 54EC of 1961 Act is a beneficial provision and is to be reasonably interpreted to give effect to the intention of Parliament while legislating the said provision and it cannot be construed in manner to frustrate the intention of legislature . In this case, the assessee admittedly received payments after execution of the agreement on 06-08-2008, which were received over a period of time from 07-08-2008 to 15-11-2008 and investments of Rs. 43,51,000/- were made in NHAI/REC Bonds on 26-03-2009 which is within six months if reckoned from the date of receipt of last instalment of sale consi...
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I have sold my flat on Aug 8 2017 but no I can invest in rec a and nhi bonds because it is been 6months or where should I put money in capital gain tax account what is the time period of depositing