https://www.taxtmi.com/acts?id=51615 Capital gains from compulsory acquisition of land or buildings used in an industrial undertaking are eligible for rollover relief if proceeds are applied to purchase or construct replacement land or buildings within three years; excess gain over replacement cost is taxed immediately and the replacement asset's cost treated as nil for subsequent disposals within three years, while gains up to the replacement cost reduce that cost. Unutilised proceeds must be deposited in a specified institution before filing the return with proof, are deemed part of the replacement cost, and any amounts not utilised within three years are taxed as income when the period expires. en-us Wed, 13 Aug 2025 19:06:56 +0530 Wed, 03 Sep 2025 17:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51615 Capital gains from compulsory acquisition of land or buildings used in an industrial undertaking are eligible for rollover relief if proceeds are applied to purchase or construct replacement land or buildings within three years; excess gain over replacement cost is taxed immediately and the replacement asset's cost treated as nil for subsequent disposals within three years, while gains up to the replacement cost reduce that cost. Unutilised proceeds must be deposited in a specified institution before filing the return with proof, are deemed part of the replacement cost, and any amounts not utilised within three years are taxed as income when the period expires. Act-Rules Income Tax Wed, 13 Aug 2025 19:06:56 +0530 https://www.taxtmi.com/acts?id=51615