Capital gains exemption for industrial relocation requires reinvestment in new plant or machinery in the non-urban area. Section 54G grants an exemption from capital gains tax when an industrial undertaking is shifted from an urban area to a non-urban area, provided the capital gains amount is reinvested in new plant or machinery in the area where the undertaking is relocated.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains exemption for industrial relocation requires reinvestment in new plant or machinery in the non-urban area.
Section 54G grants an exemption from capital gains tax when an industrial undertaking is shifted from an urban area to a non-urban area, provided the capital gains amount is reinvested in new plant or machinery in the area where the undertaking is relocated.
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