https://www.taxtmi.com/highlights?id=2714 Transfer of sole proprietorship business to company - exemption u/s 47(xiv) - if the full amount due under the capital account and also the current account of the proprietor have to be clubbed and treated as the consideration payable to the sole proprietary concern on the transfer, then there could be no case of violation of sub-clause (c) of section 47(xiv) of the Act.... - AT en-us Thu, 19 Jan 2012 08:15:14 +0530 Thu, 19 Jan 2012 08:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2714 Transfer of sole proprietorship business to company - exemption u/s 47(xiv) - if the full amount due under the capital account and also the current account of the proprietor have to be clubbed and treated as the consideration payable to the sole proprietary concern on the transfer, then there could be no case of violation of sub-clause (c) of section 47(xiv) of the Act.... - AT Highlights Income Tax Thu, 19 Jan 2012 08:15:14 +0530 https://www.taxtmi.com/highlights?id=2714