https://www.taxtmi.com/caselaws?id=783377 Shares received through a court-approved amalgamation and demerger were treated as acquiring the previous owner's cost and holding period for capital gains purposes. Where the restructuring satisfied the statutory conditions for tax-neutral treatment, the transferee could compute indexed cost of acquisition from the earlier date of holding, including fair market value as on 1.4.1981 where applicable. The restructuring was found to comply with the requirements for amalgamation and demerger, including transfer of assets and liabilities, shareholder continuity, and going-concern treatment, so the assessee stepped into the previous owner's position for computation of capital gains. en-us Fri, 05 Dec 2025 00:00:00 +0530 Fri, 12 Dec 2025 18:30:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783377 Shares received through a court-approved amalgamation and demerger were treated as acquiring the previous owner's cost and holding period for capital gains purposes. Where the restructuring satisfied the statutory conditions for tax-neutral treatment, the transferee could compute indexed cost of acquisition from the earlier date of holding, including fair market value as on 1.4.1981 where applicable. The restructuring was found to comply with the requirements for amalgamation and demerger, including transfer of assets and liabilities, shareholder continuity, and going-concern treatment, so the assessee stepped into the previous owner's position for computation of capital gains. Case-Laws Income Tax Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783377