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2009 (8) TMI 832 - BOMBAY HIGH COURTTransfer of a capital asset by a subsidiary company to the holding company - requirement of Section 47(v) is that the whole of the share capital of the subsidiary company should be held by the holding company. - held that:- In case one is to proceed on the basis that entire share capital of the subsidiary company should be held in the name of the holding company, there cannot be any situation in which section 47(v) can apply. That is certainly not an interpretation which can be termed as ut res magis valeat quam pereat, i.e. to make the statute effective rather than making it redundant, [Teja Singh [1958 (11) TMI 2 - SUPREME Court] , appeal stands dismissed
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