Exemption under section 54G: available when capital gains are reinvested in prescribed assets per government scheme. Exemption is available only where capital gain is used to purchase new plant or machinery, to purchase or construct a building, to shift the original asset and its establishment, or to incur other authorised expenses under a Central Government scheme; the text does not specify any numeric maximum for the exemptible amount.
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.
Exemption under section 54G: available when capital gains are reinvested in prescribed assets per government scheme.
Exemption is available only where capital gain is used to purchase new plant or machinery, to purchase or construct a building, to shift the original asset and its establishment, or to incur other authorised expenses under a Central Government scheme; the text does not specify any numeric maximum for the exemptible amount.
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