Section 50CA amendment exempts prescribed classes from deemed fair market value rule for unquoted share transfers, subject to conditions. Amendment to section 50CA inserts a proviso that the section shall not apply to any consideration received or accruing from transfer by such class of persons and subject to such conditions as may be prescribed, thereby creating a prescribed-class, conditional exclusion from the deeming rule for valuation of unquoted share transfers.
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.
Section 50CA amendment exempts prescribed classes from deemed fair market value rule for unquoted share transfers, subject to conditions.
Amendment to section 50CA inserts a proviso that the section shall not apply to any consideration received or accruing from transfer by such class of persons and subject to such conditions as may be prescribed, thereby creating a prescribed-class, conditional exclusion from the deeming rule for valuation of unquoted share transfers.
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