Capital gains exemptions protect specified unit, equity and land transfers when statutory conditions and STT requirements are satisfied. Capital gains exemptions identify transfers not chargeable to tax and limit loss recognition. Exemptions cover redemption or transfer of specified units and eligible equity shares subject to acquisition, holding and STT conditions; compulsory acquisition of urban agricultural land when ownership, use and compulsory acquisition conditions are met; land pooling transfers under notified schemes; compensation under the land acquisition statute; and conversion of a foreign bank branch into an Indian subsidiary subject to conditions concerning amalgamation, transfer at book values, ownership continuity and prohibition of indirect consideration.
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 exemptions protect specified unit, equity and land transfers when statutory conditions and STT requirements are satisfied.
Capital gains exemptions identify transfers not chargeable to tax and limit loss recognition. Exemptions cover redemption or transfer of specified units and eligible equity shares subject to acquisition, holding and STT conditions; compulsory acquisition of urban agricultural land when ownership, use and compulsory acquisition conditions are met; land pooling transfers under notified schemes; compensation under the land acquisition statute; and conversion of a foreign bank branch into an Indian subsidiary subject to conditions concerning amalgamation, transfer at book values, ownership continuity and prohibition of indirect consideration.
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