https://www.taxtmi.com/forum/issue?id=113765 The inquiry asked whether a revalued land amount should be counted for exemption under Section 47(xiiib) on conversion of a company into an LLP and how sale consideration for the land would be determined if the condition were not met. The sole reply states that Section 47(xiiib) pertains to conversion from partnership to company and is not applicable to company-to-LLP conversion; no further guidance on revaluation treatment or sale consideration is given. en-us Tue, 22 May 2018 16:48:32 +0530 Thu, 23 Jan 2025 15:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113765 The inquiry asked whether a revalued land amount should be counted for exemption under Section 47(xiiib) on conversion of a company into an LLP and how sale consideration for the land would be determined if the condition were not met. The sole reply states that Section 47(xiiib) pertains to conversion from partnership to company and is not applicable to company-to-LLP conversion; no further guidance on revaluation treatment or sale consideration is given. Discussion-Forum Income Tax Tue, 22 May 2018 16:48:32 +0530 https://www.taxtmi.com/forum/issue?id=113765