M/S FIBRE BOARDS (P) LTD BANGALOARE vs. CIT BANGALORE
C.A. No.-005525-005526 - 2005Supreme Court11 Aug 2015
Section 280YSection 280ZSection 54G
gains made on the sale of land and
buildings in such areas provided these are
reinvested in approved relocation schemes.”
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
