https://www.taxtmi.com/acts?id=3627 Exemption covers capital gains from transferring industrial assets in an urban area when shifting the undertaking to a Special Economic Zone, contingent on reinvestment in qualifying new assets, shifting of the establishment or specified scheme expenses. Excess gain over the cost of such new assets is taxable; if gain is equal to or less than the new asset cost the gain is exempt and the new asset cost is reduced. Unutilised amounts must be deposited in a notified account and treated as new asset cost, with unutilised deposits taxed when the utilisation period expires. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 11:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3627 Exemption covers capital gains from transferring industrial assets in an urban area when shifting the undertaking to a Special Economic Zone, contingent on reinvestment in qualifying new assets, shifting of the establishment or specified scheme expenses. Excess gain over the cost of such new assets is taxable; if gain is equal to or less than the new asset cost the gain is exempt and the new asset cost is reduced. Unutilised amounts must be deposited in a notified account and treated as new asset cost, with unutilised deposits taxed when the utilisation period expires. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3627