Amendment of section 54B

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..... ), where the capital gain arises" shall be substituted; (b) for sub-section (2), the following sub-section shall be substituted, namely :- "(2) The amount of the capital gain which is not utilised by the assessee for the purchase of the new asset before the date of furnishing the return of income under section 139, shall be deposited by him before furnishing such return [such deposit .....

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..... od specified in sub-section (1), then, - (i) the amount not so utilised shall be charged under section 45 as the income of the previous year in which the period of two years from the date of the transfer of the original asset expires; and (ii) the assessee shall be entitled to withdraw such amount in accordance with the scheme aforesaid. Explanation : Where any amount becomes chargeable unde .....

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