TMI BlogFull value of consideration.X X X X Extracts X X X X X X X X Extracts X X X X ..... t. (2) Notwithstanding anything in sub-section (1), the full value of the consideration, in the following circumstances, shall be— (a) the amount of compensation awarded in the first instance or the consideration determined or approved in the first instance by the Central Government or the Reserve Bank of India or the amount by which such compensation or consideration is enhance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (e) the amount of money, or the fair market value of the asset as on the date of distribution of such asset, received by a shareholder from a company under liquidation or dissolution, as reduced by the amount of dividend within the meaning of sub-clause (c) of clause (81) of section 314, if the transfer is by the mode specified in sub-clause (h) of clause (267) of section 314; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the full value of consideration. (4) Where the enhanced compensation or consideration referred to in clause (a) of sub-section (2) is received by any person other than the transferor, the said amount shall be deemed to be the income of such other person and the provisions of sections 46 to 55 (both inclusive) shall accordingly apply. - - statute, statutory provisions legislation, law, enac ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
