The CBDT notified the Income Tax (31st Amendment) Rules, 2021 (“ITA Rules, 2021”) wherein it specified the conditions for claiming the relief..

The TLA Act, 2021 abolished the applicability of retrospective amendments made to sec 9(1)(i) by the Finance Act, 2012. The TLA Act, 2021 provided that the provisions of indirect transfer of assets in India shall not apply to the assets transferred before 28.05.2012.
RBSA Advisors - Thumbanil Indirect Transfer Rules Website Inside

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