Sec 10(34A) - Income on account of buyback of unlisted shares - Is it completely tax exempt?

Sec 10(34A) "any income arising to an assessee, being a shareholder, on account of buyback of shares (not being listed on a recognized stock exchange) by the company as referred to in section 115QA"

source https://www.caclubindia.com/articles/sec-1034a-income-on-account-of-buyback-of-unlisted-shares-is-it-completely-tax-exempt-47062.asp