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of <h1>Amendment to Section 54E: Six-month tax period starts after compensation receipt for compulsory asset acquisition.</h1> Section 54E of the Income-tax Act, 1961, has been amended by the Taxation Laws (Amendment) Act, 1984. A new proviso has been added to sub-section (1), effective from April 1, 1984. It addresses cases where the original asset is transferred through compulsory acquisition and the full compensation is not received by the assessee on the transfer date. The six-month period for certain tax considerations will start from the day after the compensation is received, rather than the transfer date.
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