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 50CA exemption for unquoted share transfers under a Tribunal-approved resolution plan and central government intervention. Section 50CA does not apply to transfer of unquoted shares of a company, its subsidiary, or a subsidiary of such subsidiary where the Tribunal has suspended the Board of Directors and appointed new directors nominated by the Central Government, and the transfer is made pursuant to a resolution plan approved by the Tribunal after hearing the jurisdictional Principal Commissioner or Commissioner. A subsidiary means a company in which another company holds more than half of the nominal value of equity share capital.
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 exemption for unquoted share transfers under a Tribunal-approved resolution plan and central government intervention.
Section 50CA does not apply to transfer of unquoted shares of a company, its subsidiary, or a subsidiary of such subsidiary where the Tribunal has suspended the Board of Directors and appointed new directors nominated by the Central Government, and the transfer is made pursuant to a resolution plan approved by the Tribunal after hearing the jurisdictional Principal Commissioner or Commissioner. A subsidiary means a company in which another company holds more than half of the nominal value of equity share capital.
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 
