https://www.taxtmi.com/caselaws?id=122811 The Tribunal held that the transaction in question was a slump sale, not an itemized sale. The grounds related to the taxability of the difference between the slump price and book value were allowed, resulting in the appeal being partly allowed. The difference between the short-term and long-term capital gains was upheld based on the valuation of assets and goodwill. The rejection of the depreciation claim by the appellant firm was dismissed as not pressed. en-us Fri, 11 Sep 2009 00:00:00 +0530 Fri, 17 Aug 2012 14:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122811 The Tribunal held that the transaction in question was a slump sale, not an itemized sale. The grounds related to the taxability of the difference between the slump price and book value were allowed, resulting in the appeal being partly allowed. The difference between the short-term and long-term capital gains was upheld based on the valuation of assets and goodwill. The rejection of the depreciation claim by the appellant firm was dismissed as not pressed. Case-Laws Income Tax Fri, 11 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122811