Tax exemption scope expanded for voluntary retirement and venture capital structures, with clarified interest and infrastructure definitions. Amendments to section 10 (effective 1 April 2001) expand the scope of exemptions and clarify definitions: clause (10C) covers voluntary retirement and termination (including voluntary separation in certain public sector companies) and removes prior approval requirements; clause (15) replaces 'approved' with 'eligible', excludes interest on delayed/defaulted payments from 'interest', and adds exemption for interest on specified bonds; clause (23) permits donations for sports infrastructure; clause (23EA) treats Investor Protection Fund income as exempt but taxes shared untaxed amounts when distributed; clause (23FA) excludes post-31 March 2000 investments; clause (23FB) exempts registered venture capital company/fund income with defined conditions; clause (23G) broadens infrastructure activity definitions and eligible projects.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption scope expanded for voluntary retirement and venture capital structures, with clarified interest and infrastructure definitions.
Amendments to section 10 (effective 1 April 2001) expand the scope of exemptions and clarify definitions: clause (10C) covers voluntary retirement and termination (including voluntary separation in certain public sector companies) and removes prior approval requirements; clause (15) replaces "approved" with "eligible", excludes interest on delayed/defaulted payments from "interest", and adds exemption for interest on specified bonds; clause (23) permits donations for sports infrastructure; clause (23EA) treats Investor Protection Fund income as exempt but taxes shared untaxed amounts when distributed; clause (23FA) excludes post-31 March 2000 investments; clause (23FB) exempts registered venture capital company/fund income with defined conditions; clause (23G) broadens infrastructure activity definitions and eligible projects.
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