https://www.taxtmi.com/acts?id=3616 Section 54A set out statutory mechanisms affecting the tax treatment of capital gains: one former formulation allowed tax credit or adjustment when an assessee reinvested consideration in an approved investment within a specified period, with the credit proportionate to the amount reinvested and subject to procedural claims; another former formulation exempted in whole or part capital gains on transfer of property held for charitable or religious purposes where a replacement asset was acquired for the same purposes within prescribed time limits, with special timing rules for compulsory acquisition compensation. The section has since been omitted, with notes recording insertions and repeals. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 18:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3616 Section 54A set out statutory mechanisms affecting the tax treatment of capital gains: one former formulation allowed tax credit or adjustment when an assessee reinvested consideration in an approved investment within a specified period, with the credit proportionate to the amount reinvested and subject to procedural claims; another former formulation exempted in whole or part capital gains on transfer of property held for charitable or religious purposes where a replacement asset was acquired for the same purposes within prescribed time limits, with special timing rules for compulsory acquisition compensation. The section has since been omitted, with notes recording insertions and repeals. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3616