TMI BlogSlump sale - if the sale consideration of the undertaking as a whole has been fixed without specifying...Slump sale - if the sale consideration of the undertaking as a whole has been fixed without specifying any specific value to any asset and its includes tangible as well as intangible asset - further the assessee has also agreed for not carrying on the similar business for 10 years - it is a case of “slump sale” of undertaking as a going concern and not the sale of depreciable assets within the meaning of Section 50 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
