Attribution of income taxable under section 67(10) to capital assets remaining with the specified entity, under section 72

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.... as income of specified entity under section 67(10), shall be attributed to capital asset remaining with the specified entity in the manner provided in this rule. (2) Where the aggregate of the value of money and the fair market value of the capital asset received by the specified person from the specified entity, in excess of balance in his capital account, chargeable to tax under section 67(1....

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.... of the capital asset received by the specified person from the specified entity, is in excess of the balance in his capital account, charged to tax under section 67(10) does not relates to revaluation of any capital asset or valuation of self-generated asset or self-generated goodwill, of the specified entity, the amount charged to tax under section 67(10) shall not be attributed to any capital a....

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....under section 265 shall verify Form No. 27. (7) Form No. 27 shall be furnished on or before the due date referred to in section 263(1)(c) for the tax year in which the amount is chargeable to tax under section 67(10). (8) For the purposes of this rule,- (a) the amount chargeable to tax under section 67(10) shall relate to revaluation of any capital asset or valuation of self-generat....