Hindustan Unilever Ltd v. DCIT 2010(Bom.)
For exemption u/s 54EC, the capital gain shud be INVESTED in longterm specified asset within 6months from date of transfer. If,assessee made payment within 6months,then exemption cannot b denied merely bcoz bond was issued(or date of allotment) after expiry of 6months.
For exemption u/s 54EC, the capital gain shud be INVESTED in longterm specified asset within 6months from date of transfer. If,assessee made payment within 6months,then exemption cannot b denied merely bcoz bond was issued(or date of allotment) after expiry of 6months.
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