Y Ltd. acquired a building on 15th May 2018 for ₹4,00,000. The assessee, as a tenant, earlier used the building for industrial purpose on rent since the past 3 years and even after purchase it is continuously used for in

Y Ltd. acquired a building on 15th May 2018 for ₹4,00,000. The assessee, as a tenant, earlier used the building for industrial purpose on rent since the past 3 years and even after purchase it is continuously used for industrial purpose. Such building is compulsorily acquired by Government at an agreed value of ₹6,00,000 as on 15th July, 2020. The compensation was received on 15th March, 2021. The written down value of the building as on 1st April, 2020 is ₹3,42,000. The company acquired a new building for industrial purpose for ₹3,00,000 as on 31st March, 2021. Calculate taxable capital gain for the assessment year 2021-22.