Section 56(2)(viia) would prevail over section 47(vi) for shares transferred on account of amalgamation

Aurtus Flash Alert - Bombay HC overturns AAR ruling on grandfathering

IFSCA Clarification on Family Investment Funds

Mumbai ITAT holds that financial service business of the Assessee constitutes an undertaking and transaction qualifies as demerger as per section 2(19AA) of the Income-tax Act, 1961 (‘Act’) and therefore, not liable for dividend distribution tax (‘DDT’)1

Supreme Court interprets the scope of “General Public Utility” for claiming tax exemption