Capital gains.

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..... ome from the transfer referred to in clause (d) or clause (e) of sub-section (1) of section 47, if before the expiry of a period of eight years from the date of transfer of the investment asset,— (i) the parent company, or its nominee, ceases to hold the whole of the share capital of the subsidiary company; or (ii) the investment asset is converted by the transferee .....

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..... ion (5) of section 55 to the extent deduction has been allowed under sub-section (2) thereof, if the condition laid down in the said sub-section (5) is not complied with. (f) the amount of deduction allowed under sub-section (1) of section 55, if any of the conditions specified in sub-section (6) of the said section is not complied with. - - statute, statutory provisions legislatio .....

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