https://www.taxtmi.com/acts?id=46500 The amendment permits the Income tax Officer to amend an assessment that charged a capital gain from a non short term asset where the assessee, within the specified six month period from transfer, invests or deposits in a specified asset under the reinvestment provision; the assessment is to be amended to exclude the portion of the gain not chargeable under that provision, and the general assessment amendment provisions apply with the four year limitation reckoned from the date of assessment. en-us Fri, 20 Dec 2024 16:15:17 +0530 Fri, 20 Dec 2024 16:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46500 The amendment permits the Income tax Officer to amend an assessment that charged a capital gain from a non short term asset where the assessee, within the specified six month period from transfer, invests or deposits in a specified asset under the reinvestment provision; the assessment is to be amended to exclude the portion of the gain not chargeable under that provision, and the general assessment amendment provisions apply with the four year limitation reckoned from the date of assessment. Act-Rules F. Acts / Amendment Acts Fri, 20 Dec 2024 16:15:17 +0530 https://www.taxtmi.com/acts?id=46500