https://www.taxtmi.com/acts?id=47161 Section 43C sets a special rule for computing cost of acquisition where assets acquired by amalgamation, partition, gift, will or irrevocable trust and later sold as stock-in-trade are attributed the transferor's or amalgamating company's original cost, increased by improvements and expenditures wholly and exclusively incurred in connection with the transfer, including gift-tax paid by the transferor or donor. en-us Wed, 08 Jan 2025 11:28:01 +0530 Wed, 08 Jan 2025 11:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47161 Section 43C sets a special rule for computing cost of acquisition where assets acquired by amalgamation, partition, gift, will or irrevocable trust and later sold as stock-in-trade are attributed the transferor's or amalgamating company's original cost, increased by improvements and expenditures wholly and exclusively incurred in connection with the transfer, including gift-tax paid by the transferor or donor. Act-Rules F. Acts / Amendment Acts Wed, 08 Jan 2025 11:28:01 +0530 https://www.taxtmi.com/acts?id=47161