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Section 54D

Querist : Anonymous (Querist) 24 February 2011 This query is : Resolved 
The property of a indutrial undertaking is compulsariy acquired by the authorities.Prior to its acquisition,the industrial undertaking eas carrying on its business for several years.

However,the compensation was received by the company after four years of acquisition by the authorities and no business could be done after acqusition.

What are the implications of Section 54D in this case ?
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Querist : Anonymous (Querist) 26 February 2011
The question is regarding the availability of drduction u/s 54D.

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