Income Tax Ordinance, 2001

CHAPTER-V

PROVISIONS GOVERNING PERSONS PART IV COMPANIES

From: 2023-07-01 - To: 0000-00-00 (2) 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 the acquisition of the asset shall be - (i) in the case of a depreciable asset or amortized intangible, the written down value of the asset or intangible immediately before the disposal; (ii) in the case of stock-in-trade valued for tax purposes under sub-section (4) of section 35 2[***], that value; or (iii) in any other case, the transferor’s cost at the time of the disposal; (c) if, immediately before the…