Deduction u/s 54 EC applicable within Six Calendar Months from date of Transfer of Property and not within 180 days: ITAT [Read Order]

Deduction us 54 EC - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi Bench presided by Mr. Anil Chaturvedi, Accountant Member,and Shri N.K. Choudhry, Judicial Member has held that deduction u/s 54 EC is applicable within six calendar months from the date of transfer of property and not within 180 days. The appellant, Mr.Naresh Chand by executing a sale deed jointly…

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