https://www.taxtmi.com/highlights?id=101887 The transfer of a capital asset from NPCIL to ASHVINI, both public sector companies, under the Central Government-approved plan is notified as a transaction not regarded as a transfer for the purposes of section 47(viiaf) of the Income-tax Act, 1961, read with section 536(2) of the Income-tax Act, 2025. The notification applies to the financial year of transfer, 2025-26, corresponding to assessment year 2026-27. It gives retrospective effect from that financial year and states that no person is adversely affected by the retrospective operation. en-us Mon, 20 Jul 2026 18:56:16 +0530 Mon, 20 Jul 2026 18:56:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=101887 The transfer of a capital asset from NPCIL to ASHVINI, both public sector companies, under the Central Government-approved plan is notified as a transaction not regarded as a transfer for the purposes of section 47(viiaf) of the Income-tax Act, 1961, read with section 536(2) of the Income-tax Act, 2025. The notification applies to the financial year of transfer, 2025-26, corresponding to assessment year 2026-27. It gives retrospective effect from that financial year and states that no person is adversely affected by the retrospective operation. Highlights Income Tax Mon, 20 Jul 2026 18:56:16 +0530 https://www.taxtmi.com/highlights?id=101887