Where assessee invested a sum of Rs. 50 lakhs each in two different financial years, within a period of six months from date of transfer of capital asset, he was eligible for deduction under section 54EC
IT: Where assessee, a co-promoter of a company, sold shares with professional efforts of a broker and claimed cost incurred by him in making payment to said broker but Assessing Officer held that said cost was to be paid by company and not by assessee, whole issue needed re-examination by Assessing Officer
Refer:[2018] 89 taxmann.com 442 (Mumbai - Trib.)
IT: Where assessee, a co-promoter of a company, sold shares with professional efforts of a broker and claimed cost incurred by him in making payment to said broker but Assessing Officer held that said cost was to be paid by company and not by assessee, whole issue needed re-examination by Assessing Officer
Refer:[2018] 89 taxmann.com 442 (Mumbai - Trib.)
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