Benefit under Section 47(ivb) can’t be availed If Demerger not in manner envisaged under Section 2(19AA): ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in ITO, Kolkata v. M/s Datex Ohmeda (India) Pvt Ltd. held that Benefit under Section 47 (ivb) of the Income Tax Act cannot be availed if demerger not in manner envisaged under Section 2(19AA) of the Income Tax Act. In the instant case, the […]

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