Tuesday, February 19, 2019

Sale of building alone without transfer of furniture, fixtures & other equipments not to be held as slump sale

IT: Where assessee claimed that cinema building sold by it was a case of slump sale within meaning of section 50B, in view of fact that as per sale deed, possession of only land and building was handed over and there was no transfer of furniture, fixtures and other equipments, plea raised by assessee was to be rejected

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

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