https://www.taxtmi.com/highlights?id=3358 Succession of the proprietorship business in to a corporate entity - conditions prescribed in section 47 (xiv) - in the present case, it cannot be held that he has received consideration or benefit indirectly other than by way of allotment of shares, only because higher number of shares have been allotted due to revaluation - AT en-us Mon, 09 Apr 2012 10:05:50 +0530 Mon, 09 Apr 2012 10:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=3358 Succession of the proprietorship business in to a corporate entity - conditions prescribed in section 47 (xiv) - in the present case, it cannot be held that he has received consideration or benefit indirectly other than by way of allotment of shares, only because higher number of shares have been allotted due to revaluation - AT Highlights Income Tax Mon, 09 Apr 2012 10:05:50 +0530 https://www.taxtmi.com/highlights?id=3358