Scope of ‘transfer’ u/s 47(xiv) - whether the assessee’s transaction of converting his proprietary...

Scope of ‘transfer’ u/s 47(xiv) - whether the assessee’s transaction of converting his proprietary business into a private limited company is outside the scope of ‘transfer’ as provided under Section 47(xiv) of the Act and therefore not liable to be taxed under the head long term capital gains? - Held Yes - AT .....

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