https://www.taxtmi.com/acts?id=18647 The amendment adds a deeming provision in section 49 providing that when a business trust unit is acquired by an assessee pursuant to the specified transfer clause, the unit's cost of acquisition shall be deemed to be the cost of acquisition to the assessee of the underlying share referred to in that transfer clause, applying from the commencement of the stated tax year and to subsequent assessment years. en-us Fri, 11 Jul 2014 15:48:08 +0530 Fri, 11 Jul 2014 15:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18647 The amendment adds a deeming provision in section 49 providing that when a business trust unit is acquired by an assessee pursuant to the specified transfer clause, the unit's cost of acquisition shall be deemed to be the cost of acquisition to the assessee of the underlying share referred to in that transfer clause, applying from the commencement of the stated tax year and to subsequent assessment years. Act-Rules Bills Fri, 11 Jul 2014 15:48:08 +0530 https://www.taxtmi.com/acts?id=18647