Cost of acquisition in case of transfer of an asset distributed by a company in liquidation

In case of transfer of an asset distributed by a company in liquidation, cost of acquisition of same has to be taken as cost to previous owner for purpose of computing capital gains thereon

RELEVANT PARAGRAPH

8. Section 46(2) provides that when a shareholder receives money or any other asset from a company on its liquidation, then such shareholder shall be charged to capital gains tax. This capital gain is on

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