Thursday, August 20, 2020

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)

from www.taxmann.com Latest Case Laws https://ift.tt/32bRfsC
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