Capital gains exemption for compulsory acquisition permits reinvestment in replacement land or building under specified conditions.

Section 54D provides an exemption for capital gains arising from compulsory acquisition of land or buildings that form part of an industrial undertaking, conditioned on reinvestment of the capital gain in another land or building; eligibility depends on the asset's character as part of the industrial undertaking and on reinvestment into qualifying immovable property.

---

---

---