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          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.

          <h1>Exempt income computation for specified funds: prorated capital gains formula applies, subject to Form 10-II filing and certification.</h1> Exempt income for a specified fund under clause (23FF) is computed by prorating capital gains using the formula A*B/C, where A is capital gains on transfer of shares of an Indian resident company received on relocation from an original fund or its wholly owned special purpose vehicle and which would not be taxable but for relocation; B is aggregate daily assets under management held by non-resident unit holders from acquisition to transfer; and C is aggregate daily total assets under management for the same period. Failure to file Form No.10-II results in nil exempt income.

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