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

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Full Text of the Document

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.... Section Transaction not regarded as transfer Transferor Transferee Capital Asset involved 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 ....