https://www.taxtmi.com/caselaws?id=208966 The Tribunal allowed the assessee's appeal partly, deleting the disallowance of expenses under section 14A and provision for warranty. It held that the transfer of Lift Division was not a slump sale, thus denying capital gains computation under section 50B. The denial of indexation benefits was not adjudicated due to the transaction nature. The adjustment in the stock value under section 145A was disallowed. The Tribunal remanded the addition based on AIR data for fresh consideration, directing the AO to provide a basis and consider the assessee's reconciliation. en-us Fri, 11 Mar 2011 00:00:00 +0530 Tue, 17 Feb 2026 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208966 The Tribunal allowed the assessee's appeal partly, deleting the disallowance of expenses under section 14A and provision for warranty. It held that the transfer of Lift Division was not a slump sale, thus denying capital gains computation under section 50B. The denial of indexation benefits was not adjudicated due to the transaction nature. The adjustment in the stock value under section 145A was disallowed. The Tribunal remanded the addition based on AIR data for fresh consideration, directing the AO to provide a basis and consider the assessee's reconciliation. Case-Laws Income Tax Fri, 11 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208966