MRS. GRACE COLLIS versus COMMISSIONER OF INCOME-TAX
Capital Gas Transfer of Companies means Transfer Scheme means Transaction of allotment of shares in a certain proportion to the shares of the emigrating company approved by the Court Order of Court, Indian Income Tax Act, 1961, Sec. 2 (47) is not a transfer amount. , 45, Cap 47 and gain 49 Capital Gain The share of the capital gains received by the companies after the transfer of the shares seven years later was not related to the computation of the capital gains in computing the combined shares.
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