Income Tax Ordinance, 2001

CHAPTER-V

PROVISIONS GOVERNING PERSONS PART IV COMPANIES

Income Tax Ordinance, 2001 CHAPTER-V PROVISIONS GOVERNING PERSONS PART IV COMPANIES From: 2024-12-29 - To: 0000-00-00 (3) Where sub-section (1) applies- (a) the asset acquired by the transferee shall be treated as having the same character as it had in the hands of the transferor; (b) the transferee’s cost in respect of acquisition of the asset shall be- (i) in the case of a depreciable asset or amortized intangible, the written disposal; (ii) in the case of stock-in-trade valued for tax purposes under sub-section (4) of section 35,…