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This is only a renumbering — Section 54EC of ITA 1961 is now Section 85 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 54EC: LTCG exempt up to Rs. 50 lakh if invested in specified bonds (NHAI/REC) within 6 months of transfer.
Section 85: Capital gains not to be charged on investment in certain bonds. Rs. 50 lakh cap and 6-month timeline unchanged.
Renumbered from 54EC to 85. No substantive change.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.