Capital gains rollover limitation: temporal cut-off added, narrowing relief to transfers before the statutory cut-off date. The amendment qualifies the availability of relief under section 54EA by inserting a temporal limitation: relief applies only to transfers of a long term capital asset occurring before the 1st day of April, 2000, thereby narrowing the class of eligible transactions; the insertion takes effect from the 1st day of April, 2001.
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Capital gains rollover limitation: temporal cut-off added, narrowing relief to transfers before the statutory cut-off date.
The amendment qualifies the availability of relief under section 54EA by inserting a temporal limitation: relief applies only to transfers of a long term capital asset occurring before the 1st day of April, 2000, thereby narrowing the class of eligible transactions; the insertion takes effect from the 1st day of April, 2001.
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