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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Full value u/s 46(2) - Calculation of Asset value - shareholder ...


Asset Value Calculation in Liquidation: Consider Full Asset Value Minus Liabilities Paid by Shareholder per Section 46(2.

December 7, 2011

Case Laws     Income Tax     HC

Full value u/s 46(2) - Calculation of Asset value - shareholder on the liquidation of Company receives assets from the Company with the liabilities attached should be taken full value of the asset as reduced by the amount paid by the shareholder for discharging the liability... - HC

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