Part of: Section 54GB — Capital gain on transfer of residential property not to be charged in certain
(b) the am ount that would not have been so charged had the amount actually utilised for the purchase of the new asset within the period specified in sub -section ( 1)been the cost of the new asset, shall be charged under section 45 as income of the assessee for the pr evious year in which the period of one year from the date of the subscription in equity shares by the assessee expires; and