(1) Where an assessee, being an individual or a Hindu undivided family,––(a) has capital gains arising from the transfer of a capital asset, being land, which was used by the assessee or his parent, or the Hindu undivided family for agricultural purposes (original asset), in two years immediately preceding the date of transfer; and(b) has, […]

(1) Where an assessee has––(a) capital gains arising from the transfer by way of compulsory acquisition under any law, of a capital asset being land or building or any right in land or building, forming part of an industrial undertaking belonging to him, which was being used by the assessee for the business of the

(1) Where an assessee has––(a) long-term capital gains arising from the transfer of land or building, or both, (original asset); and(b) within six months after the date of such transfer, invested whole or part of the capital gains in a long-term specified asset (new asset), then, the capital gains shall be dealt with as follows:—(i)

(1) If an individual or a Hindu undivided family has––(a) capital gains arising from the transfer of any long-term capital asset, not being a residential house (original asset); and(b) within one year before, or two years after, the date of such transfer, purchased, or has within three years after that date constructed, one residential house

(1) If the assessee has––(a) capital gains arising from the transfer of capital asset, being machinery or plant or building or land or any rights in building or land used for the business of an industrial undertaking situated in an urban area, effected in the case of shifting of an industrial undertaking situated in an

(1) Irrespective of anything contained in section 87 if the assessee has––(a) capital gains arising from the transfer of a capital asset, being machinery or plant or building or land or any rights in building or land used for the business of an industrial undertaking situated in an urban area, effected in the course of

Irrespective of anything contained in sections 82, 83, 84, 85, and 86,––(a) if the transfer of the original asset mentioned in those sections is by way of compulsory acquisition under any law; and(b) if the compensation awarded for such acquisition is not received by the assessee on the date of transfer, then, the period available

(1) For the purposes of sections 72 and 73, “cost of improvement”,—(a) in relation to a capital asset being goodwill or any intangible asset of a business, or a right to manufacture, produce or process any article or thing, or right to carry on any business or profession, or any other right, shall be taken

(1) For ascertaining the fair market value of a capital asset for this Chapter, the Assessing Officer may refer the valuation of capital asset to a Valuation Officer,—(a) if the value of the asset claimed by the assessee is as per the estimate by a registered valuer, but the Assessing Officer is of the opinion

(1) Income of every kind which is not to be excluded from the total income, shall be chargeable to income-tax under the head “Income from other sources”, if it is not chargeable to income-tax under any of the heads specified in section 13(a) to (d).(2) In particular, and without prejudice to the generality of the