Capital gain arising on account of the succession of the firms - ...
Capital Gains in Firm Succession: No Need for Conversion if Company Acquires All Assets and Liabilities (Section 47(xiii.
September 18, 2019
Case Laws Income Tax AT
Capital gain arising on account of the succession of the firms - scheme of succession u/s 47(xiii) - there is no requirement that the firms should be converted into the company - It is sufficient if the existing company acquires all the assets and liabilities of the partnership firms in the manner as provided u/s 47(xiii) - AT
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