Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No.1345/Pun/2017 नििाारण वषा / Assessment Year : 2012-13
Section 54G(2) of the Act. In reference thereto, the Hon’ble Supreme Court of India in the case of Fibre Boards (P.) Ltd. Vs. Commissioner of Income Tax, Banglore (2015) 62 taxmann.com 135 (SC) has held that “so long as the amount is utilized before the due date of filing return of income, the claim of exemption u/s.54G