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of <h1>Section 87: Capital gains exempted when industrial undertaking shifts to non-urban area if reinvested within specified timeframes</h1> Section 87 grants a reinvestment-linked exemption for capital gains when an industrial undertaking is shifted from an urban to a non-urban area, conditioned on using gains to acquire or construct specified assets within one year before or three years after transfer or depositing unutilised amounts per a notified scheme; if reinvestment equals/exceeds the gain no tax arises, if less the shortfall is taxed under the relevant income provision, and basis adjustments apply for dispositions within three years. Differences between the Bill and the Act are largely drafting, cross-reference and timing-phrasing variants without material scope change.
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