Insertion of new section 47A

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....A. After section 47 of the Income-tax Act, the following section shall be inserted, namely:- '47A. Withdrawal of exemption in certain cases. Where at any time before the expir....

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.... to hold the whole of the share capital of the subsidiary company, the amount of profits or gains arising from the transfer of such capital asset not charged under section 45 by virtue of the....