Sovereign Gold Bond redemption treated as no-transfer for individuals; mutual fund plan consolidations also excluded from transfer. Clause viic is added to section 47 to exclude redemption of Sovereign Gold Bonds by individuals from being treated as transfer. The proviso to clause (xiiib) is amended to add an asset-value eligibility condition for conversion-related non-transfer treatment. Clause xix excludes transfers by unit holders exchanging units in a consolidating plan for units in the consolidated plan during SEBI-regulated mutual fund consolidations and provides definitions for consolidating plan, consolidated plan, and mutual fund.
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.
Sovereign Gold Bond redemption treated as no-transfer for individuals; mutual fund plan consolidations also excluded from transfer.
Clause viic is added to section 47 to exclude redemption of Sovereign Gold Bonds by individuals from being treated as transfer. The proviso to clause (xiiib) is amended to add an asset-value eligibility condition for conversion-related non-transfer treatment. Clause xix excludes transfers by unit holders exchanging units in a consolidating plan for units in the consolidated plan during SEBI-regulated mutual fund consolidations and provides definitions for consolidating plan, consolidated plan, and mutual fund.
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