M/S FIBRE BOARDS (P) LTD BANGALOARE vs. CIT BANGALORE
C.A. No.-005525-005526 - 2005Supreme Court11 Aug 2015
Section 280YSection 280ZSection 54G
10.
Further, the notes on clauses for the Finance Bill, 1987
reads as under:-
“Clause 24 seeks to insert two new sections 54G
and 54H in the Income-tax Act.
The new section 54G provides for exemption of
capital gains on transfer of assets in cases of
industrial undertaking shifting from urban area. Sub-
section (1) provides that
