https://www.taxtmi.com/notifications?id=141696 Central Government exempts acquisitions, control acquisitions over similar businesses, and mergers or amalgamations from Section 5 where asset value or turnover of the combination does not exceed specified India thresholds; the exemption lasts two years. For partial transfers, assets and turnover attributable to the transferred portion are used; asset value is the prior financial year's book value reduced by depreciation and includes specified intangibles, and turnover must be certified by the statutory auditor from the last audited accounts. en-us Thu, 07 Mar 2024 00:00:00 +0530 Sun, 15 Sep 2024 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141696 Central Government exempts acquisitions, control acquisitions over similar businesses, and mergers or amalgamations from Section 5 where asset value or turnover of the combination does not exceed specified India thresholds; the exemption lasts two years. For partial transfers, assets and turnover attributable to the transferred portion are used; asset value is the prior financial year's book value reduced by depreciation and includes specified intangibles, and turnover must be certified by the statutory auditor from the last audited accounts. Notifications Law of Competition Thu, 07 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141696