TMI BlogThe entire personal scale business had been sold as a going concern for a lump sum amount, it was a case...The entire personal scale business had been sold as a going concern for a lump sum amount, it was a case of a slump sale as defined in section 2(42C) and the profit arising from such slump sale is chargeable to tax as capital gain under the provisions of section 50B - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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