Section 47(xii) - Transfer of land by a sick industrial company which is managed by its workers’ co-operative

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....7) Transferee u/s 2(47) Capital Asset involved u/s 2(14) Period of holding 47(xii) Transfer of a capital asset being land of a sick industrial company made u/s 18 of Sick Industrial Companies Act, 1985, where such company is managed by its workers' co-operative. A sick Industrial company managed by its worker's co-operative Any person as decided u/s 18 of Sick Industrial Companies A....