Thursday, June 4, 2020

No ‘slump sale’ if assets and liabilities of business are transferred by assigning specific value

INCOME TAX: Where transfer price of undertaking was based on individual assets and liabilities, said sale would not qualify as 'Slump Sale' as per section 2(42C)

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000189326/no-‘slump-sale’-if-assets-and-liabilities-of-business-are-transferred-by-assigning-specific-value.aspx
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