TMI BlogCapital gain arising on account of the succession of the firms - scheme of succession u/s 47(xiii) -...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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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