https://www.taxtmi.com/manuals?id=977 Transfer of land by a sick industrial company managed by its workers' co-operative is treated as a transaction not regarded as a transfer for capital gains purposes where the transfer is made under a scheme sanctioned under section 18 of the Sick Industrial Companies Act, 1985. The land must be transferred during the prescribed period, and the period of holding of the previous owner is not taken into account. When these conditions are satisfied, the transfer is not regarded as a transfer for capital gains purposes. en-us Wed, 26 Aug 2015 09:56:00 +0530 Tue, 16 Jun 2026 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=977 Transfer of land by a sick industrial company managed by its workers' co-operative is treated as a transaction not regarded as a transfer for capital gains purposes where the transfer is made under a scheme sanctioned under section 18 of the Sick Industrial Companies Act, 1985. The land must be transferred during the prescribed period, and the period of holding of the previous owner is not taken into account. When these conditions are satisfied, the transfer is not regarded as a transfer for capital gains purposes. Manuals Income Tax Wed, 26 Aug 2015 09:56:00 +0530 https://www.taxtmi.com/manuals?id=977