https://www.taxtmi.com/acts?id=46543 Where capital gain from compulsory acquisition or transfers with Government approved consideration is later enhanced by any authority, the Income tax Officer must recompute the gain under section 48 and amend the assessment to take the enhanced amount as full consideration; such amendments are subject to the corrective provision of Section 154, with the four year reckoning period measured from the end of the previous year in which the additional compensation or consideration was received. en-us Tue, 24 Dec 2024 11:51:49 +0530 Tue, 24 Dec 2024 11:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46543 Where capital gain from compulsory acquisition or transfers with Government approved consideration is later enhanced by any authority, the Income tax Officer must recompute the gain under section 48 and amend the assessment to take the enhanced amount as full consideration; such amendments are subject to the corrective provision of Section 154, with the four year reckoning period measured from the end of the previous year in which the additional compensation or consideration was received. Act-Rules F. Acts / Amendment Acts Tue, 24 Dec 2024 11:51:49 +0530 https://www.taxtmi.com/acts?id=46543