Tax treatment of pre amendment infrastructure investments: dividends, interest and long term capital gains excluded; prior clause regime continues. Insertion of Explanation 2 declares that income by way of dividends, interest or long term capital gains of an infrastructure capital fund or company from investments made before the cutoff in shares or long term finance in enterprises carrying on infrastructure shall not be included under the amended clause and that the clause's provisions as they stood immediately before the amendment shall apply to such income.
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.
Tax treatment of pre amendment infrastructure investments: dividends, interest and long term capital gains excluded; prior clause regime continues.
Insertion of Explanation 2 declares that income by way of dividends, interest or long term capital gains of an infrastructure capital fund or company from investments made before the cutoff in shares or long term finance in enterprises carrying on infrastructure shall not be included under the amended clause and that the clause's provisions as they stood immediately before the amendment shall apply to such income.
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