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Showing contexts for: irrevocable trust in Mangalore Electric Supply Co. Ltd vs The Commissioner Of Income Tax, West ... on 4 May, 1978Matching Fragments
Provided further that any transfer of capital assets by reason of the compulsory acquisition thereof- under any law for the time being in force relating to the compulsory (1) [1898] A.C. 631, 634.
(2) [1943] A.C. 166.919
acquisition of property for public purposes of any distribution of capital assets on the total or partial partition of a Hindu undivided family, or on the dissolution of a firm or other association of persons, or on the liquidation of a company, or under a deal of gift, bequest, will or transfer on irrevocable trust shall not, for the, purposes of this section, be treated as sale, exchange or transfer of the capital assets:............":