To encourage the assessee to carry the business undertaking, exemption under section 54D of the Income Tax Act, 1961 is provided. Let us understand in detail about section 54D.
source https://www.caclubindia.com/articles/section-54d-exemption-capital-gain-compulsory-acquisition-land-building-forming-part-industrial-undertaking-44202.asp
source https://www.caclubindia.com/articles/section-54d-exemption-capital-gain-compulsory-acquisition-land-building-forming-part-industrial-undertaking-44202.asp
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