https://www.taxtmi.com/acts?id=50014 Where a building structure or work is disposed of or surrendered because a lease or occupancy right is determined, and the moneys payable plus scrap value exceed written down value, the excess (not exceeding the difference between actual cost and written down value) is chargeable as income of the business or profession in the previous year in which the moneys payable became due; if the business had ceased, the charge applies as if it were in existence, and definitions of "moneys payable" and "sold" follow the capital allowance provision. en-us Mon, 03 Mar 2025 15:21:39 +0530 Fri, 16 May 2025 12:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50014 Where a building structure or work is disposed of or surrendered because a lease or occupancy right is determined, and the moneys payable plus scrap value exceed written down value, the excess (not exceeding the difference between actual cost and written down value) is chargeable as income of the business or profession in the previous year in which the moneys payable became due; if the business had ceased, the charge applies as if it were in existence, and definitions of "moneys payable" and "sold" follow the capital allowance provision. Act-Rules F. Acts / Amendment Acts Mon, 03 Mar 2025 15:21:39 +0530 https://www.taxtmi.com/acts?id=50014