Compulsory acquisition timing: reinvestment period for unpaid compensation runs from date after receipt, clarifying treatment of delayed awards. Where a transfer by compulsory acquisition results in compensation not fully received on the transfer date, the six months period prescribed in section ... Summary
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Compulsory acquisition timing: reinvestment period for unpaid compensation runs from date after receipt, clarifying treatment of delayed awards.
Where a transfer by compulsory acquisition results in compensation not fully received on the transfer date, the six months period prescribed in section 54E for the relevant purposes is to be reckoned, in relation to the unpaid portion, from the date immediately following the date on which that compensation is received by the assessee.
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