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    Income Tax

    Sale of the chemical unit of the assessee company - itemised...

    Tribunal Rules Chemical Unit Sale Not a Slump Sale; Section 50B Additions Not Applicable.

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    Income TaxNovember 27, 2021Case LawsHC

    Sale of the chemical unit of the assessee company - itemised sale OR slump sale - addition under section 50B read with section 2(42C) and explanation 1 to section 2(19AA) - Tribunal in our view, rightly held that the sale cannot be regarded as a slump sale - HC

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