https://www.taxtmi.com/article/detailed?id=6818 Statutory vesting of a partnership's assets and liabilities in a successor private company, effected by operation of law, does not amount to a transfer attracting capital gains tax where (i) all business assets and liabilities vest in the company, (ii) the partners become shareholders in the same proportions as their capital accounts, and (iii) partners receive no consideration or benefit other than share allotment. en-us Fri, 13 May 2016 08:52:45 +0530 Fri, 13 May 2016 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6818 Statutory vesting of a partnership's assets and liabilities in a successor private company, effected by operation of law, does not amount to a transfer attracting capital gains tax where (i) all business assets and liabilities vest in the company, (ii) the partners become shareholders in the same proportions as their capital accounts, and (iii) partners receive no consideration or benefit other than share allotment. Articles Corporate Laws / IBC / SEBI Fri, 13 May 2016 08:52:45 +0530 https://www.taxtmi.com/article/detailed?id=6818