Insertion of new section 9B.

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..... n receives during the previous year any capital asset or stock in trade or both from a specified entity in connection with the dissolution or reconstitution of such specified entity, then the specified entity shall be deemed to have transferred such capital asset or stock in trade or both, as the case may be, to the specified person in the year in which such capital asset or stock in trade or both .....

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..... received or accruing as a result of such deemed transfer of the capital asset or stock in trade or both by the specified entity. (4) If any difficulty arises in giving effect to the provisions of this section and sub-section (4) of section 45, the Board may, with the approval of the Central Government, issue guidelines for the purposes of removing the difficulty. (5) Every guideline issued b .....

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..... the case may be, of such specified entity continue with a change in their respective share or in the shares of some of them; (ii) specified entity means a firm or other association of persons or body of individuals (not being a company or a co-operative society); (iii) specified person means a person, who is a partner of a firm or member of other association of persons or body of indivi .....

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