Monday, July 6, 2020

Sale of wind mills was slump sale if assessee was computing income & expenditure separately for such windmills

INCOME TAX : Wind mills for which income and expenditure could be separately ascertained, constituted separate undertaking;on its sale along with assets and all liabilities, capital gains was to be computed as a slump sale under section 50B (2)

from www.taxmann.com Latest Case Laws https://ift.tt/3iAVBkw
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