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of <h1>The Supreme Court dismissed the Special Leave Petition after condoning the delay.</h1> The Supreme Court dismissed the Special Leave Petition after condoning the delay. - TMI Deduction u/s 54G with respect to the long term capital gain earned by the assessee on the sale of its godown situated in Bangalore, an urban area and which has been relocated in a non urban area - assessee sold an explosive godown/property at Bangalore and invested in a property located in a non urban area i.e in the outskirts of Sivakasi town - whether property sold at Bangalore was only a depot/godown/storage place and not an industrial undertaking - ITAT allowed the claim noted that the assessee shifted its godown storing hazardous products to a non urban area and that the activity carried on in the godown being storage and repacking, which is severable from the other activities of the industrial establishment and held that the assessee is entitled to claim exemption of capital gains as per the provisions of Section 54G - HELD THAT:- SLP dismissed. The Supreme Court dismissed the Special Leave Petition after condoning the delay.
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