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The Central Government notifies the transfer of a capital asset from NTPC Limited to NTPC Green Energy Limited for section 47 clause (viiaf) of the Income-tax Act, 1961. The Central Government approves the transfer plan on 2022-03-21. NTPC Limited acts as the transferor public sector company. NTPC Green Energy Limited acts as the transferee public sector company. The notification comes into force from the date of publication in the Official Gazette.
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THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th June, 2022 INCOME-TAX
S.O. 2754(E).—In exercise of the powers conferred by clause (viiaf) of section 47 of the Income- tax Act, 1961 (43 of 1961), the Central Government hereby notifies the transfer of capital asset from NTPC Limited (PAN: AAACN0255D), being transferor public sector company, to NTPC Green Energy Limited (PAN: AAICN1737G), being transferee public sector company, under the plan approved by the Central Government on 21st day of March, 2022, for the purposes of the said clause.
[Notification No. 63/2022/F. No. 370142/21/2022-TPL(Part 3)] UMME FARDINA ADIL, Under Secy.
