Exception of General Anti Avoidance Rule [ Rule 10U ]

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..... t year arising, in aggregate, to all the parties to the arrangement does not exceed a sum of ₹ 3 crore ; (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 90 or section 90A as the case may be; and (iii) who has invested in listed securities, or unlisted securities, with .....

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..... ective of the date on which it has been entered into, in respect of the tax benefit obtained from the arrangement on or after the 1st day of April, 2017. (3) For the purposes of this rule,- (i) Foreign Institutional Investor shall have the same meaning as assigned to it in the Explanation to section 115AD ; (ii) off shore derivative instrument shall have the same meaning as ass .....

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