Tag Archives: capital gains on transfers in demerger

No capital gains on transfers in demerger

By | November 30, 2016

No capital gains on transfers in a demerger The Mumbai Income-Tax Appellate Tribunal held that no capital gain tax is to be levied (absent any consideration received / accrued to the taxpayer) for transfers of undertakings under a plan of demerger. The tribunal observed that absent a connection between the transfer of the undertaking and the revaluation… Read More »