Prescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section (2) section 56 https://www.taxtmi.com/acts?id=37948 Section 56(2)(x) does not apply to specified immovable and movable property received in defined regularisation, restructuring, reconstruction, disinvestment, and fund relocation situations. The exemptions cover unauthorised colony property in Delhi that has been regularised, unquoted shares received under a Tribunal-approved resolution plan, equity shares of a reconstructed bank allotted under the reconstruction scheme, equity shares received under strategic disinvestment, and specified fund interests received on relocation subject to continuity and proportion conditions. en-us Wed, 13 Nov 2019 17:13:35 +0530 Tue, 19 May 2026 13:02:55 +0530 TaxTMI RSS Generator Prescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section (2) section 56 https://www.taxtmi.com/acts?id=37948 Section 56(2)(x) does not apply to specified immovable and movable property received in defined regularisation, restructuring, reconstruction, disinvestment, and fund relocation situations. The exemptions cover unauthorised colony property in Delhi that has been regularised, unquoted shares received under a Tribunal-approved resolution plan, equity shares of a reconstructed bank allotted under the reconstruction scheme, equity shares received under strategic disinvestment, and specified fund interests received on relocation subject to continuity and proportion conditions. Act-Rules Income Tax Wed, 13 Nov 2019 17:13:35 +0530 https://www.taxtmi.com/acts?id=37948