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Section 47(vii) - Transfer by a shareholder, in a scheme of amalgamation, of the shares held by him in the amalgamating company - Income Tax - Ready Reckoner - Income TaxExtract Section 47(vii) :- Transfer by a shareholder, in a scheme of amalgamation, of the shares held by him in the amalgamating company Section Transaction not regarded as transfer Transferor u/s 2(47) Transferee u/s 2(47) Capital asset involved u/s 2(14) What is the cost in the hands of transferee Period of holding 47(vii) Transfer by the shareholders in the scheme of amalgamation, where the amalgamated company is a Domestic Indian Company. Any shareholder Amalgamating Company Shares held in the amalgamating company cost of acquisition of shares of the amalgamating company POH of previous owner shall also be considered
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