2021 (11) TMI 814 - SC ORDER - Income Tax

Head Note / Extract:
Slump sale - Section 2(42C) - valuation entire unit - valuer assigned separate valuation to different parts of the unit - Effective date of sale of this unit - CRM division stood sold from the effective date - Date of transfer - Date of agreement - Disallowance of expenditure made in terms of section 14A - HELD THAT:- We see no reason to interfere. The Special Leave Petition is dismissed.