M&A Critique

Non-compliant Conversion of Private Limited Company to Limited Liability Partnership attracts Capital Gains

Recently, Income Tax Appellate Tribunal (ITAT) Mumbai in ISC Speciality Chemicals LLP held that the non-compliant conversion of a Company into an LLP attracts capital gains.

Background

Assessee, M/s ISC Specialty Chemicals LLP, in the Assessment Yea...

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Aniruddha Jain

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