Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Exemption for capital gains on industrial relocation requires reinvestment or deposit under a notified scheme to defer tax. Exemption applies when capital assets of an industrial undertaking are transferred due to shifting from an urban to a non-urban area and the assessee ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Exemption for capital gains on industrial relocation requires reinvestment or deposit under a notified scheme to defer tax.
Exemption applies when capital assets of an industrial undertaking are transferred due to shifting from an urban to a non-urban area and the assessee reinvests the gain by purchasing new plant or machinery, acquiring or constructing premises, shifting the establishment, or incurring scheme-specified expenses within the prescribed period; unutilised amounts must be deposited under a notified scheme before return filing and unutilised deposits are charged as income when the utilisation period expires.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
