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[Cites 0, Cited by 14] [Section 48] [Entire Act]

Union of India - Subsection

Section 48(iii) in The Income Tax Act, 1961

(iii)in case of value of any money or capital asset received by a specified person from a specified entity referred to in subsection (4) of section 45, the amount chargeable to income-tax as income of such specified entity under that sub-section which is attributable to the capital asset being transferred by the specified entity, calculated in the prescribed manner: