Chapter XI relating to General Anti Avoidance Rule not to apply in certain cases

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....parties to the arrangement does not exceed a sum of three crore rupees; (b) a Foreign Institutional Investor, - (i) who is an assessee under the Act; (ii) who has not taken benefit of an agreement referred to in section 159; and (iii) who has invested in listed securities, or unlisted securities, with the prior permission of the competent authority, in accordanc....

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....fit obtained from the arrangement on or after the 1st April, 2017, except for that income which accrues or arises to, or deemed to accrue or arise to, or is received or deemed to be received by, any person from transfer of such investments which were made before the 1st April, 2017 by such person.] (3) For the purposes of this rule, - (a) "Foreign Institutional Investor" shall have the....

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....eferred to therein been the total income.     ************** NOTES:- 1.  Substituted vide Notification No. 55/2026 dated 31-03-2026 w.e.f. 01-04-2026 before it was read as, "(d) any income accruing or arising to, or deemed to accrue or arise to, or received or deemed to be received by, any person from transfer of investments made before th....