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of <h1>Tax neutrality for compulsory acquisition gains if reinvested in new industrial assets within three years and compliance met</h1> Clause provides conditional tax neutrality for capital gains on compulsory acquisition of industrial land/buildings where proceeds are reinvested within three years to re-establish or set up another industrial undertaking; if gains exceed the new-asset cost the excess is taxed under the income provision, otherwise no immediate charge and the cost basis of the new asset is reduced. The enacted section and the Bill are substantively the same; differences are drafting and cross-reference clarifications in the Act regarding the return-filing deadline and scheme references. Practical compliance hinges on the three-year window, deposit of unutilised amounts in a specified institution by the return due date, and documentary proof.
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