Transfer of capital assets in a demerger, being a share of a foreign company - (New) Section 70(1)(m) / (Old) Section 47(vicc)

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....nsaction not regarded as transfer Transferor  Transferee What is the cost in the hands of transferee 70(1)(m) Transfer of a capital asset in a demerger, being a share of a foreign company, referred to in section 9(10)(a), which derives directly or indirectly, its value substantially from the share or shares of an Indian company, held by the demerged foreign co....

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....feree What is the cost in the hands of transferee 47(vicc) (Applicable from AY 2016-17) Transfer of capital assets in a demerger, being a share of a foreign company, referred to in Explanation 5 to section 9(1)(i), which derives, directly or indirectly, its value substantially from the share or shares of an Indian company, held by the demerged foreign company to the resulting foreign ....