https://www.taxtmi.com/acts?id=39736 Section 9B treats receipt of a capital asset or stock-in-trade by a specified person from a specified entity on dissolution or reconstitution as a deemed transfer by the specified entity in the year of receipt; resulting profits or gains are taxable as the specified entity's income under Profits and Gains of Business or Capital Gains, and fair market value on the date of receipt is deemed the full value of consideration. Definitions of specified entity, specified person, and reconstitution are provided, and the Board may issue binding guidelines to remove implementation difficulties. en-us Wed, 31 Mar 2021 10:52:12 +0530 Thu, 11 Sep 2025 11:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39736 Section 9B treats receipt of a capital asset or stock-in-trade by a specified person from a specified entity on dissolution or reconstitution as a deemed transfer by the specified entity in the year of receipt; resulting profits or gains are taxable as the specified entity's income under Profits and Gains of Business or Capital Gains, and fair market value on the date of receipt is deemed the full value of consideration. Definitions of specified entity, specified person, and reconstitution are provided, and the Board may issue binding guidelines to remove implementation difficulties. Act-Rules Income Tax Wed, 31 Mar 2021 10:52:12 +0530 https://www.taxtmi.com/acts?id=39736