https://www.taxtmi.com/caselaws?id=204157 The Tribunal determined that the transaction in question was a slump sale, not an itemized sale. Consequently, Section 50 was deemed inapplicable, and the capital gains were to be computed under Section 45. The Tribunal directed the Assessing Officer to calculate the capital gains following the guidelines provided, including determining the value of the undertaking and deciding on the basis for indexation. The appeal was partly allowed, and the case was remanded for the re-computation of capital gains. en-us Thu, 31 Dec 2009 00:00:00 +0530 Wed, 06 Jul 2011 19:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204157 The Tribunal determined that the transaction in question was a slump sale, not an itemized sale. Consequently, Section 50 was deemed inapplicable, and the capital gains were to be computed under Section 45. The Tribunal directed the Assessing Officer to calculate the capital gains following the guidelines provided, including determining the value of the undertaking and deciding on the basis for indexation. The appeal was partly allowed, and the case was remanded for the re-computation of capital gains. Case-Laws Income Tax Thu, 31 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204157