Extension of time for capital gains compliance when compulsory acquisition delays compensation, period runs from compensation receipt. Where the transfer is by compulsory acquisition and compensation is not received on the date of transfer, the period for acquiring the new asset or depositing or investing capital gains in a specified bank or institution is reckoned from the date of receipt of compensation.
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Provisions expressly mentioned in the judgment/order text.
Extension of time for capital gains compliance when compulsory acquisition delays compensation, period runs from compensation receipt.
Where the transfer is by compulsory acquisition and compensation is not received on the date of transfer, the period for acquiring the new asset or depositing or investing capital gains in a specified bank or institution is reckoned from the date of receipt of compensation.
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