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

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....) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 105/2021 New Delhi, the 10th September, 2021 INCOME-TAX G.S.R. 623(E).-In exercise of the powers conferred by clause (XI) of the proviso to clause (x) of sub-section (2) of section 56 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-t....