COMMISSIONER OF INCOME-TAX versus SUHASHBHAI VADILAL
The sale of the shares in the capital is deducted from the cost of acquisition of the shares. The entire unit of the company kept in the company is sold to a new company in Bombay, which acquires shareholders of the vendor company in proportion to the new company's shares. Is entitled to do. The 1: 1 transaction was equivalent to the issuance of rights shares when the right to receive the shares of the new company was realized, then the value of the shares of the new company fell when the value of the shares in computing capital fell under the Indian Income Tax Act, 1961. , Sections 45 and 48
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