Slump sale - CIT(A) was not correct in coming to the conclusion ...

Ruling Clarifies Negative Net Worth Must Be Considered in Slump Sale for Capital Gains Calculation.

September 18, 2015

Case Laws Income Tax AT

Slump sale - CIT(A) was not correct in coming to the conclusion that the negative figure of the net worth should be ignored for working out the capital gains in case of a slump sale. - the amount of ‘Net worth’ will be a negative figure and not Zero - AT

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Slump sale - CIT(A) was not correct in coming to the conclusion ...

Ruling Clarifies Negative Net Worth Must Be Considered in Slump Sale for Capital Gains Calculation.

September 18, 2015

Case Laws Income Tax AT

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