https://www.taxtmi.com/acts?id=49038 Where an asset acquired by an amalgamated company, or by way of gift, will, irrevocable trust, or on partition of an HUF, is sold as stock in trade, the cost of acquisition for the transferee is the sum of: the cost of acquisition in the hands of the amalgamating company or transferor/donor; any cost of improvement; and any expenditure incurred by the amalgamating company or transferor/donor wholly and exclusively in connection with the transfer. en-us Fri, 14 Feb 2025 16:23:35 +0530 Fri, 14 Feb 2025 16:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49038 Where an asset acquired by an amalgamated company, or by way of gift, will, irrevocable trust, or on partition of an HUF, is sold as stock in trade, the cost of acquisition for the transferee is the sum of: the cost of acquisition in the hands of the amalgamating company or transferor/donor; any cost of improvement; and any expenditure incurred by the amalgamating company or transferor/donor wholly and exclusively in connection with the transfer. Act-Rules Bills Fri, 14 Feb 2025 16:23:35 +0530 https://www.taxtmi.com/acts?id=49038