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TMI BlogInsertion of New Section 80CCX X X X Extracts X X X X X X X X Extracts X X X X ..... d family, or (c) an association of persons or a body of individuals consisting only of husband and wife governed by the system of community of property in force in the Union territories of Dadra and Nagar Haveli and Goa, Daman and Diu, has acquired in the previous year (being a previous year relevant to the assessment year commencing on the 1st day of April, 1979, or any subsequent assessment year ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ired by him in the previous year exceeds ten thousand rupees, the deduction under that sub-section shall be allowed only with reference to such of those shares (being shares the aggregate cost whereof to the assessee does not exceed ten thousand rupees) as are specified by him in this behalf. (3) For the purposes of this section, eligible issue of capital means an issue of equity shares which sati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for subscription to the public; (d) such other conditions as may be prescribed : Provided that in the case of a company which had originally been incorporated as a private company but has become a public company under the provisions of the Companies Act, 1956 (1 of 1956), an issue of equity shares made by it for the first time after it has become a public company shall not be regarded as an eligib ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... public made by the public company or in pursuance of a reservation or an option in his favour by reason of his being a promoter of the company; or (ii) purchased the shares from a person who is specified as an under-writer in respect of the issue of such shares in pursuance of clause 11 of Part I of Schedule II of the Companies Act, 1956 (1 of 1956), and who has acquired such shares by virtue of h ..... X X X X Extracts X X X X X X X X Extracts X X X X
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