Wednesday, January 16, 2019

Transaction to be considered as slump sale, though no business liabilities were transferred on date of sale

IT: Where assessee sold its hotel premises alongwith licences for boarding, lodging, bar etc. as a going concern to a buyer who was also engaged in hotel business, it could be regarded as a case of slump sale

from www.taxmann.com Latest Case Laws http://bit.ly/2MdKtuh

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