Whether section 56(2)(x) and section 50CA of the Income-tax Act, 1961 are applicable in any way, in case of merger of companies or we can make valuation of shares for the purpose of merger on the basis of book value.
The companies are closely held private limited companies.
Gowra Ventures Pvt Ltd
Hyderabad
CA
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Arvindkumar Maniar & Co.
Rajkot
CA
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BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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