Amendment of Section 49

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....ome-tax Act shall be re-numbered as sub-section (1) thereof, and - (i) in sub-section (1) as so re-numbered, - (a) in sub-clause (e) of clause (iii), after the word, brackets and fig....

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....ompany which is an Indian company became the property of the assessee in consideration of a transfer referred to in clause (vii) of section 47, the cost of acquisition of the asset shall be deemed to ....