Capital gain exemption shall be limited to actual sale consideration and not stamp duty value

Computation of capital gain and consequently computation of exemption under section 54EC, shall have to be worked out on basis of substituted deemed sale consideration of transfer of capital asset in terms of section 50C it could claim exemption only in relation to amount of investment made in specified bond and not qua entire capital gain computed as per section 50C

Refer:[2019] 104 taxmann.com 208 (Bombay)