Equity oriented fund definition updated; short term capital gains rule now references clause (a) of the Explanation to section 112A. The amendment replaces the Explanation cross reference for equity oriented fund in the short term capital gains provision so that its meaning is taken from clause (a) of the Explanation to the long term capital gains provision, ensuring the same definitional source applies; this change is effective for the 2020-2021 assessment year and thereafter.
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 updated; short term capital gains rule now references clause (a) of the Explanation to section 112A.
The amendment replaces the Explanation cross reference for equity oriented fund in the short term capital gains provision so that its meaning is taken from clause (a) of the Explanation to the long term capital gains provision, ensuring the same definitional source applies; this change is effective for the 2020-2021 assessment year and thereafter.
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