Section 54GB investment requirement: invest net consideration in eligible company equity to qualify for exemption. The exemption under Section 54GB requires investment of the net consideration in equity shares of an eligible company, and that the eligible company must use those subscribed funds to acquire new assets.
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.
Section 54GB investment requirement: invest net consideration in eligible company equity to qualify for exemption.
The exemption under Section 54GB requires investment of the net consideration in equity shares of an eligible company, and that the eligible company must use those subscribed funds to acquire new assets.
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