Section 47(vicb) - Transfer by a shareholder, in a business reorganisation - Income Tax - Ready Reckoner - Income Tax

Section 47(vicb) - Transfer by a shareholder, in a business reorganisation Section Transaction not regarded as transfer Transferor u/s 2(47) Transferee u/s 2(47) Capital asset involved u/s 2(14) 47(vicb) Any transfer by a shareholder, in a business reorganisation, of a capital asset being a share or shares held by him in the predecessor co-operative bank if the transfer is made in consideration of the allotment to him of any share or shares in the successor co-operative bank. Shareholder of predecessor co-operative bank successor co-operative bank Capital asset being a share or shares held by him in the predecessor co-operative bank