Amendment to Section 54D removes the Explanation in subsection two, changing the statutory capital gains exemption text. Amendment removes the Explanation in subsection (2) of the Income-tax Act provision concerning capital gains exemption under Section 54D, effective from 1 April 1993, by omitting the specified Explanation and leaving the remainder of the subsection unchanged.
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.
Amendment to Section 54D removes the Explanation in subsection two, changing the statutory capital gains exemption text.
Amendment removes the Explanation in subsection (2) of the Income-tax Act provision concerning capital gains exemption under Section 54D, effective from 1 April 1993, by omitting the specified Explanation and leaving the remainder of the subsection unchanged.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.