Under section 2(47) of income tax act which of the following is not a transfer

The Act contains an inclusive definition of the term ‘transfer’. Accordingly, transfer in relation to a capital asset includes the following types of transactions:

(i) the sale, exchange or relinquishment of the asset; or 

(ii) the extinguishment of any rights therein; or 

(iii) the compulsory acquisition thereof under any law; or

(iv) the owner of a capital asset may convert/treated the same into/as the stock-in-trade of a business             carried on by him. Such conversion/treatment is treated as transfer; or

(v) the maturity or redemption of a zero coupon bond; or

(vi) possession of an immovable property in consideration of part-performance of a contract referred to        in section 53A of the Transfer of Property Act, 1882. Example: A enters into an agreement for the          sale of his house. 

(vii) transactions which have the effect of transferring or enabling the enjoyment of an immovable                  property.

TRANSACTIONS NOT REGARDED AS TRANSFER [SECTION 47]

Section 47 specifies certain transactions which will not be regarded as transfer for the purpose of capital gains tax:

Clause of section 47	Particulars of transfer of capital asset referred to in column (3)	Asset transferred	Conditions to be fulfilled
47(i)	Any distribution on the total or partial partition of a HUF	Any capital asset	-
47(iii)	Any transfer under a gift or will or an irrevocable trust	Any  capital  asset. However,  it  shall  not include transfer under a gift  or  an  irrevocable trust of a capital asset being              shares, debentures or warrants allotted  by  a  company directly  or  indirectly  to its employees under the Employees'        Stock Option Plan or Scheme offered to its employees in  accordance with the guidelines issued in this behalf  by  the  Central Government	-
47(iv)	Any transfer by a company to its subsidiary company	Any capital asset	(a)  The parent company or its nominees must hold the whole of the shares     of    the subsidiary company; and (b)  The      subsidiary company must be an Indian company.
47(v)	Any transfer by a subsidiary company    to    the    holding company	Any capital asset	(a) The whole of share capital      of     the subsidiary  company must be held by the holding    company; and (b)  The         holding company must be an Indian company. The exemption mentioned in section 47(iv) or (v) will not apply if a capital asset is transferred as stock-in- trade.
47(vi)	Any  transfer  by  the amalgamating company to the amalgamated  company,  in  a scheme of amalgamation.	Any capital asset	The        amalgamated company  should  be  an Indian company
47(via)	Any  transfer  by  the amalgamating          foreign company to the amalgamated foreign company, in a scheme of    amalgamation    of    two foreign companies.	Capital    asset,  being shares held in an Indian company	(a)  At least 25% of the shareholders  of  the amalgamating foreign company       must continue  to  remain shareholders  of  the amalgamated foreign company; (b)  Such transfer should not    attract    capital gains in the country in      which     the amalgamating company           is incorporated.
47(viaa)	Any  transfer  by  a  banking company     to     banking institution,  in  a  scheme  of amalgamation of the banking company  with  the  banking institution,   sanctioned    and brought  into  force  by  the Central    Government    under section 45(7) of the Banking Regulation Act, 1949.	Any capital asset	-
47(viab)	Any  transfer  by  the amalgamating          foreign company to the amalgamated foreign company, in a scheme of    amalgamation    of    two foreign companies.	Capital    asset,  being share    of    a    foreign company, referred to in Explanation 5 to section 9(1)(i),  which  derives, directly or indirectly, its value substantially from the share or shares of an Indian company	(a)  At least 25% of the shareholders  of  the amalgamating foreign company       must continue  to  remain shareholders  of  the amalgamated foreign company; (b)  Such transfer should not    attract    capital gains in the country in      which     the amalgamating company           is incorporated.
47(vib)	Any transfer,  in a demerger, by the demerged company to the resulting company	Any capital asset	The  resulting  company should    be    an    Indian company.
47(vic)	Any transfer by the demerged foreign   company    to    the resulting foreign company, in a scheme of demerger of a foreign company.	Capital  asset,  being  a share or shares held in an Indian company	(a)  The      shareholders holding     at     least three-fourths in value of the shares of the demerged     foreign company continue to remain  shareholders of     the     resulting foreign company; (b)  Such transfer should not  attract  tax  on capital  gains  in  the country, in which the demerged     foreign company           is incorporated. However,  the  provisions of sections 391 to 394 of the    Companies  Act, 19564, shall not apply in case    of   demergers referred to in this clause.
47(vica)	Any  transfer  by  the predecessor      co-operative bank  to  the  successor  co- operative   bank  or  to  the converted  banking  company, in  a  business  reorganization of co-operative bank.	Any capital asset	-
47(vicb)	Any transfer by a shareholder Capital  asset,  being  a of  predecessor  co-operative share or shares held by consideration bank,     in     a    business him in the predecessor allotment to  him  of any reorganization.	co-operative bank	If the transfer is made in of    the share  or  shares  in  the successor  co-operative bank  or  the  converted banking company. Note - Refer to section 44DB for the meanings of "business reorganisation", "converted         banking company",   "predecessor co-operative  bank"  and "successor   co-operative bank".