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    <title>Income-tax (28th Amendment) Rules, 2021. - Deemed income / Gift - Section 56(2)(x) - not applicable to any movable property, being equity shares, of the public sector company, received by a person from the Central Government or any State Government under strategic disinvestment</title>
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    <description>The amendment to rule 11UAC excludes movable property, being equity shares, of a public sector company received from the Central Government or any State Government under strategic disinvestment from being treated as income under the deeming provision; it adopts the statutory meaning of strategic disinvestment and takes effect from 1 April 2022 for the assessment year 2022-23 onward.</description>
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      <description>The amendment to rule 11UAC excludes movable property, being equity shares, of a public sector company received from the Central Government or any State Government under strategic disinvestment from being treated as income under the deeming provision; it adopts the statutory meaning of strategic disinvestment and takes effect from 1 April 2022 for the assessment year 2022-23 onward.</description>
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