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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Property received without consideration: immovable property, bullion and certain shares now fall within amended section 56 taxation rules.</h1> The amendment restricts section 56(2)(vii)(b) to immovable property received without consideration, with retrospective effect from 1 October 2009; it redefines 'property' in the Explanation as capital assets retrospectively and adds bullion effective 1 June 2010. A new clause (viia) treats aggregate fair market value of shares received by firms or closely held companies without consideration, or for substantially inadequate consideration, as income subject to specified exceptions; fair market value follows the Explanation to clause (vii).

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