Capital gains exemption on shifting industrial undertakings to Special Economic Zones conditioned on reinvestment and notified deposit compliance. Exemption covers capital gains from transferring industrial assets in an urban area when shifting the undertaking to a Special Economic Zone, contingent on reinvestment in qualifying new assets, shifting of the establishment or specified scheme expenses. Excess gain over the cost of such new assets is taxable; if gain is equal to or less than the new asset cost the gain is exempt and the new asset cost is reduced. Unutilised amounts must be deposited in a notified account and treated as new asset cost, with unutilised deposits taxed when the utilisation period expires.