Tax treatment of specified securities limited to issuances of listed-company ordinary shares or foreign currency convertible bonds. The Explanation to the tax provision now restricts eligible issuances to securities issued to investors against either ordinary shares of the issuing company that are listed on a recognised stock exchange in India, or foreign currency convertible bonds of the issuing company, thereby narrowing the scope of instruments covered by the clause.
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.
Tax treatment of specified securities limited to issuances of listed-company ordinary shares or foreign currency convertible bonds.
The Explanation to the tax provision now restricts eligible issuances to securities issued to investors against either ordinary shares of the issuing company that are listed on a recognised stock exchange in India, or foreign currency convertible bonds of the issuing company, thereby narrowing the scope of instruments covered by the clause.
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