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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Addition made u/s.50B holding the tea estate as slump sale - ...

Income Tax

May 31, 2016

Addition made u/s.50B holding the tea estate as slump sale - Only those assets which were enumerated in the Schedules and Annexures were sold to the vendee. Therefore, the instant case was one of split sale and not a case of slump sale. - AT

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