Long-term capital gains reinvestment: extension of bond lock-in period and land/building restriction on eligible assets. Amendment narrows section 54EC reinvestment eligibility to gains from long-term capital assets that are land or building reinvested in designated redeemable bonds, and changes qualifying bonds issued on or after a specified date to require redemption after five years while earlier-issued qualifying bonds remain redeemable after three years.
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.
Provisions expressly mentioned in the judgment/order text.
Long-term capital gains reinvestment: extension of bond lock-in period and land/building restriction on eligible assets.
Amendment narrows section 54EC reinvestment eligibility to gains from long-term capital assets that are land or building reinvested in designated redeemable bonds, and changes qualifying bonds issued on or after a specified date to require redemption after five years while earlier-issued qualifying bonds remain redeemable after three years.
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