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![Advance Received on Investment in Specified Bonds are Eligible for Income Tax Exemption: Bombay HC [Read Order] Advance Received on Investment in Specified Bonds are Eligible for Income Tax Exemption: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg)
Advance Received on Investment in Specified Bonds are Eligible for Income Tax Exemption: Bombay HC [Read Order]
The division bench of the Bombay High Court in the case CIT v. Subhash Vinayak Supnekar held that the assessee, who had received advance amount on...


![Relief u/s 54EC cannot be denied to the Assessee merely invoking MAT provisions: Madras HC [Read Judgment] Relief u/s 54EC cannot be denied to the Assessee merely invoking MAT provisions: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg)
![It is immaterial whether the corresponding Gain is a Short Term Capital Gain by virtue of deeming fiction: ITAT Mumbai [Read Order] It is immaterial whether the corresponding Gain is a Short Term Capital Gain by virtue of deeming fiction: ITAT Mumbai [Read Order]](/images/placeholder.jpg)