Capital asset exemption for relocation of industrial undertaking to non urban area shields gains on qualifying asset transfers. The exemption under Section 54G covers capital gains on transfer of qualifying assets-plant, machinery, land, building, or any right in land or building-used for an industrial undertaking situated in an urban area when such assets are transferred as part of shifting the undertaking to any area other than an urban area.
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 asset exemption for relocation of industrial undertaking to non urban area shields gains on qualifying asset transfers.
The exemption under Section 54G covers capital gains on transfer of qualifying assets-plant, machinery, land, building, or any right in land or building-used for an industrial undertaking situated in an urban area when such assets are transferred as part of shifting the undertaking to any area other than an urban area.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.