Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Section 56 exemption covers regularised colony property, restructuring shares, bank reconstruction, disinvestment and fund relocation transfers. Section 56(2)(x) does not apply to specified immovable and movable property received in defined regularisation, restructuring, reconstruction, disinvestment, and fund relocation situations. The exemptions cover unauthorised colony property in Delhi that has been regularised, unquoted shares received under a Tribunal-approved resolution plan, equity shares of a reconstructed bank allotted under the reconstruction scheme, equity shares received under strategic disinvestment, and specified fund interests received on relocation subject to continuity and proportion conditions.
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 56 exemption covers regularised colony property, restructuring shares, bank reconstruction, disinvestment and fund relocation transfers.
Section 56(2)(x) does not apply to specified immovable and movable property received in defined regularisation, restructuring, reconstruction, disinvestment, and fund relocation situations. The exemptions cover unauthorised colony property in Delhi that has been regularised, unquoted shares received under a Tribunal-approved resolution plan, equity shares of a reconstructed bank allotted under the reconstruction scheme, equity shares received under strategic disinvestment, and specified fund interests received on relocation subject to continuity and proportion conditions.
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