Capital gains reinvestment eligibility expanded to include public company shares and broader specified securities for exemption. Amendment broadens qualifying investments for the capital gains reinvestment relief by substituting the prior description with an expanded list that expressly adds shares of a public company to bonds, debentures and mutual fund units, and by replacing 'specified bonds or debentures' with the broader term 'specified securities'; both substitutions are deemed effective from the stated effective date.
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.
Capital gains reinvestment eligibility expanded to include public company shares and broader specified securities for exemption.
Amendment broadens qualifying investments for the capital gains reinvestment relief by substituting the prior description with an expanded list that expressly adds shares of a public company to bonds, debentures and mutual fund units, and by replacing "specified bonds or debentures" with the broader term "specified securities"; both substitutions are deemed effective from the stated effective date.
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