Computation of capital gain - Addition on account of conversion ...

Conversion of CCPS to equity shares isn't a transfer under IT Act Sec 2(47); no capital gain additions apply.

November 19, 2018

Case Laws Income Tax AT

Computation of capital gain - Addition on account of conversion of cumulative and compulsory convertible preference shares (CCPS) into equity shares treating the same as transfer u/s 2(47) - Such conversion cannot be treated as transfer - no additions.

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Computation of capital gain - Addition on account of conversion ...

Conversion of CCPS to equity shares isn't a transfer under IT Act Sec 2(47); no capital gain additions apply.

November 19, 2018

Case Laws Income Tax AT

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