https://www.taxtmi.com/acts?id=16275 The statutory definition of property is clarified to include any rights in or in relation to an Indian company, including rights of management or control; the definition of transfer is broadened to encompass disposing of, parting with, or creating any interest in an asset in any manner, directly or indirectly, by agreement or otherwise. Additional textual amendments add a Director of Income-tax for certain references, modify a demerger valuation rule to except cases where the resulting company is a shareholder, and treat excess consideration on share issue over fair market value as captured consideration. en-us Tue, 29 May 2012 11:24:34 +0530 Tue, 29 May 2012 11:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16275 The statutory definition of property is clarified to include any rights in or in relation to an Indian company, including rights of management or control; the definition of transfer is broadened to encompass disposing of, parting with, or creating any interest in an asset in any manner, directly or indirectly, by agreement or otherwise. Additional textual amendments add a Director of Income-tax for certain references, modify a demerger valuation rule to except cases where the resulting company is a shareholder, and treat excess consideration on share issue over fair market value as captured consideration. Act-Rules F. Acts / Amendment Acts Tue, 29 May 2012 11:24:34 +0530 https://www.taxtmi.com/acts?id=16275