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Archive: 06 September 2008

Posts in 06 September 2008

Live Course on Grow Your IDT Practice & Preparation for GSTAT (GST Tribunal)

August 16, 2024 2118 Views 0 comment Print

Join our webinars on GST Tribunals preparation. Learn to grow your IDT practice and prepare for GSTAT with expert guidance. Register now for ₹899 + GST!

Applicability of proviso to section 47(iv) of IT Act in case of transfer of capital asset by a company to its wholly owned subsidiary

September 6, 2008 2525 Views 0 comment Print

Therefore, there cannot be a formula which had no connection with the value of the individual assets and the liabilities. The price was determined that of the business and therefore, there is no question of picking up any portion of such price and charging its capital gains. It appears to us that before transfer of the company, the said company had issued subscribed share capital and the original share certificates

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