Introduced by Finance Act 2017 effective from AY 2018-19 onwards
✓ Covers all categories of person (including listed and widely held
companies)
✓ Rest of the provisions similar to section 56(2)(vii)
• The receipts could be from any person
• The receipts must be received on or after 1/4/2017
• Considered as income u/s 2(24)(xviia)
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