Buy back exclusion for listed shares with prior public announcement preserved as a transitional exemption under the tax amendment. The amendment adds a proviso to section 115QA deeming that the sub section shall not apply to buy backs of listed shares for which a public announcement was made before the specified cut off date in accordance with the buy back regulations, thereby creating a transitional exemption for such announced listed share buy backs.
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.
Buy back exclusion for listed shares with prior public announcement preserved as a transitional exemption under the tax amendment.
The amendment adds a proviso to section 115QA deeming that the sub section shall not apply to buy backs of listed shares for which a public announcement was made before the specified cut off date in accordance with the buy back regulations, thereby creating a transitional exemption for such announced listed share buy backs.
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