Capital gains on distribution of assets by companies in liquidation.

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..... tion. 68. (1) Irrespective of anything contained in section 67, where the assets of a company are distributed to its shareholders on its liquidation, such distribution shall not be regarded as a tran .....

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..... ed as dividend within the meaning of section 2(40)(c); and (b) the sum so arrived at shall be deemed to be the full value of the consideration for the purposes of section 72. - Clause 68 of the B .....

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