Income-tax Act, 1961
Section - 49 - Cost with reference to certain modes of acquisition
Cost with reference to certain modes of acquisition.49. (1) Where the capital asset became the property of the assessee-
| (i) | - | on any distribution of assets on the total or partial partition of a Hindu undivided family; |
| (ii) | - | under a gift or will; |
| (iii) | - | (a) by succession, inheritance or devolution, or |
| - | (b) on any distribution of assets on the dissolution of a firm, body of individuals, or other association of persons, where such dissolution had taken place at any time before the 1st day of April, 1987, or | |
| - | (c) on any distribution of assets on the liquidation of a company, or | |
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