Case Law Details
Case Name : Sri Arun Kumar B M Vs ITO (ITAT Bangalore)
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Bangalore
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Arun Kumar B M Vs ITO (ITAT Bangalore)
The Assessing Officer held that the assessee is required to invest Rs.50 lakh in REC Bonds in any financial year. The Assessing Officer also relied on the amendments made to section 54EC of the I.T.Act vide Finance Act, 2014 w.e.f. 01.04.2015.
Assessee has filed this appeal before the Tribunal. The learned Counsel for the assessee submitted that Rs.1 crore has been invested within six months from the date of sale of the asset, which has given rise to long term capital gains. Accordingly, it was submitted that prior to the amendment to section 54EC of the ...
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https://taxguru.in/income-tax/law-case-law-role-professional-ca-lawyer-part-ii.html
IMPROMtu
Sec 54EC – pros- or retros – pective ?- As cautioined , TIME today, if not y’day , for Govt., / CBDT to wake up and CRUY a HALT !?
READ the Published Articles FOR A VIEW
(Pro. REvenue Role of A Professional (CA & Lawyer) (Part II)
courtesy
IMPROMtu:
sec 54EC – pros- or retros – pective ?- As cautioined , TIME today, if not y’day , for Govt., / CBDT to wake up and CRUY a HALT !?
READ the Published Articles FOR A VIEW
(Pro. REvenue Role of A Professional (CA & Lawyer) (Part II)
courtesy