https://www.taxtmi.com/acts?id=48711 Amendment adds "or as subscription to any eligible issue of capital by any public financial institution" to clause (xvi) of sub-section (2) of section 88 and replaces the Explanation so that "eligible issue of capital" means issues by a public company or a public financial institution whose entire proceeds are utilised wholly and exclusively for infrastructure facilities, power generation and distribution, or telecommunication services; it also inserts a definition of "public financial institution" by reference to the Companies Act. en-us Thu, 13 Feb 2025 18:26:45 +0530 Thu, 13 Feb 2025 18:26:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48711 Amendment adds "or as subscription to any eligible issue of capital by any public financial institution" to clause (xvi) of sub-section (2) of section 88 and replaces the Explanation so that "eligible issue of capital" means issues by a public company or a public financial institution whose entire proceeds are utilised wholly and exclusively for infrastructure facilities, power generation and distribution, or telecommunication services; it also inserts a definition of "public financial institution" by reference to the Companies Act. Act-Rules F. Acts / Amendment Acts Thu, 13 Feb 2025 18:26:45 +0530 https://www.taxtmi.com/acts?id=48711