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of <h1>Section 88: Rollover relief for capital gains when industrial business shifts from urban area to SEZ, with deposit rules</h1> Section 88 provides rollover relief for capital gains on transfers of business assets when an industrial undertaking shifts from an urban area to an SEZ, exempting gains reinvested in specified assets within one year before or three years after transfer and requiring deposit of unutilised amounts by the return due date. The enacted Act mainly refines drafting and cross-references from the Bill-clarifying SEZ location language, tightening sub-clause references for cost adjustments on subsequent disposals, and formalising deposit/withdrawal cross-references-without changing substantive taxpayer entitlements or timing and compliance obligations.
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