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[Cites 0, Cited by 0] [Section 40BB] [Entire Act]

Union of India - Subsection

Section 40BB(5) in Income Tax Rules, 1962

(5)Where the share has been issued by a company being an amalgamated company, under a scheme of amalgamation, in lieu of the share or shares of an amalgamating company, then, the amount received by the amalgamating company in respect of such share or shares determined in accordance with this rule, shall be deemed to be the amount received by the amalgamated company in respect of the share so issued by it.