Shares received under amalgamation amounts to transfer; taxable as business profit if shares held as stock in trade

INCOME TAX : When assessee gets shares of amalgamated company in lieu of shares of amalgamating company, a ‘transfer’ does take place within meaning of section 2(47)INCOME TAX : When assessee gets shares of amalgamated company in lieu of shares of amalgamating company, a ‘transfer’ does take place within meaning of section 2(47)www.taxmann.com Latest Case LawsRead More

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