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2003 (4) TMI 43 - HC - Income Tax
Capital gain - sale of entire business as a going concern for a lump sum consideration - in this case, there was a transfer of the Kalyan business as a going concern to PPL and that the Tribunal erred in holding that there was a sale of itemized assets - sale of entire business as a going concern amounted to a slump sale and capital gain liable to be computed on that basis