TMI BlogWhat are the circumstances in which exemption under section 54G can be withdrawn?X X X X Extracts X X X X X X X X Extracts X X X X ..... ls - Ans. The exemption claimed by assessee under section 54F can be withdrawn in the following circumstances: a) Transfer of new asset within 3 years: If the new asset or any right ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... funds deposited in a capital gains account scheme are not used to move an industrial undertaking within 3 years after the date of transfer, the unspent deposit will be considered as capital gain in t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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