Equity oriented fund definition expanded to include funds under the capital gains Explanation and Unit Trust scheme, altering assessee-in-default scope. Amendment substitutes clause (b) in the Explanation after section 115T to redefine equity oriented fund as a fund referred to in the Explanation to the capital gains provision and the Unit Scheme made by the Unit Trust of India, thereby aligning the definition for assessee-in-default treatment under section 115T.
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.
Equity oriented fund definition expanded to include funds under the capital gains Explanation and Unit Trust scheme, altering assessee-in-default scope.
Amendment substitutes clause (b) in the Explanation after section 115T to redefine equity oriented fund as a fund referred to in the Explanation to the capital gains provision and the Unit Scheme made by the Unit Trust of India, thereby aligning the definition for assessee-in-default treatment under section 115T.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
