<h1>Finance Bill 2014 amends Section 45: Tax year clarified for capital gains from compulsory asset acquisition via court orders.</h1> The Finance (No. 2) Bill, 2014 proposes changes to the taxation of capital gains from compulsory acquisition of assets. Currently, section 45 addresses capital gains from asset transfers, with sub-section (5) covering cases where compensation is enhanced by a court or tribunal. The amendment aims to clarify the tax year for compensation received under interim court orders, stipulating it as income chargeable in the year of the final court order. This change will be effective from April 1, 2015, impacting the assessment year 2015-16 and onwards.