Capital gains on purchase by company of its own shares or other specified securities.

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Full Text of the Document

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....its own shares or other specified securities held by such shareholder or holder of other specified securities, then, subject to the provisions of section 72, the difference between the cost of acquisition and the value of consideration so received shall be deemed to be the "Capital gains" arising to such shareholder or the holder in the year in which the company purchases the shares or other speci....