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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Slump sale - assessee claimed as sale of depreciable assets - as ...

Income Tax

August 3, 2019

Slump sale - assessee claimed as sale of depreciable assets - as per terms of agreement, the assessee sold the entire undertaking with all its assets and liabilities together with all licences, permits, approvals, registration, contracts, employees and other contingent liabilities also for a slump price, this kind of sale falls u/s 50B as slump sale - taxable as capital gain (Not as PGBP)

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