https://www.taxtmi.com/highlights?id=4951 Merger with the parent company - no capital gain chargeable to tax under the Act in terms of section 45 read with section 48 can be said to arise. - it cannot be postulated that section 47(via) takes the transaction out of the clutches of section 45 - The merger involved in this case, is not exempt from capital gains tax under section 47(via). - AAR en-us Fri, 24 Aug 2012 06:22:58 +0530 Fri, 24 Aug 2012 06:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=4951 Merger with the parent company - no capital gain chargeable to tax under the Act in terms of section 45 read with section 48 can be said to arise. - it cannot be postulated that section 47(via) takes the transaction out of the clutches of section 45 - The merger involved in this case, is not exempt from capital gains tax under section 47(via). - AAR Highlights Income Tax Fri, 24 Aug 2012 06:22:58 +0530 https://www.taxtmi.com/highlights?id=4951