Capital gains reinvestment limit: aggregate reinvestments across the transfer year and following year capped for exemption eligibility. The amendment adds a proviso restricting the aggregate investment of capital gains from transfer(s) of one or more original assets, made in the financial year of transfer and the immediately succeeding financial year, to a prescribed upper cap per assessee for qualification for the exemption in the section.
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Provisions expressly mentioned in the judgment/order text.
Capital gains reinvestment limit: aggregate reinvestments across the transfer year and following year capped for exemption eligibility.
The amendment adds a proviso restricting the aggregate investment of capital gains from transfer(s) of one or more original assets, made in the financial year of transfer and the immediately succeeding financial year, to a prescribed upper cap per assessee for qualification for the exemption in the section.
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