https://www.taxtmi.com/acts?id=3582 Section 43C fixes the cost of acquisition for assets transferred by amalgamation, partition, gift, will, or irrevocable trust and later sold as stock-in-trade. For amalgamations, the amalgamated company's cost is the amalgamating company's cost plus improvement costs and transfer-related expenditure borne by the amalgamating company. For partition, gift, will, or trust transfers, the transferee's cost is the transferor's or donor's cost plus improvements and expenditure wholly and exclusively incurred in effecting the transfer, including gift-tax paid by the transferor or donor. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 17:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3582 Section 43C fixes the cost of acquisition for assets transferred by amalgamation, partition, gift, will, or irrevocable trust and later sold as stock-in-trade. For amalgamations, the amalgamated company's cost is the amalgamating company's cost plus improvement costs and transfer-related expenditure borne by the amalgamating company. For partition, gift, will, or trust transfers, the transferee's cost is the transferor's or donor's cost plus improvements and expenditure wholly and exclusively incurred in effecting the transfer, including gift-tax paid by the transferor or donor. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3582