https://www.taxtmi.com/caselaws?id=243374 The High Court dismissed the Revenue's appeal, affirming that the sale consideration of a going concern in a slump sale was not taxable under capital gains before the relevant amendment. The Court emphasized the integrated nature of the charging section and computation provisions under the Income Tax Act, ruling that the consideration received for the transfer of trade marks, patent rights, logo, etc., was not taxable as long-term capital gains. The judgment clarified the tax implications of such transactions, ultimately deciding in favor of the assessee. en-us Mon, 02 Dec 2013 00:00:00 +0530 Fri, 31 Jan 2014 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243374 The High Court dismissed the Revenue's appeal, affirming that the sale consideration of a going concern in a slump sale was not taxable under capital gains before the relevant amendment. The Court emphasized the integrated nature of the charging section and computation provisions under the Income Tax Act, ruling that the consideration received for the transfer of trade marks, patent rights, logo, etc., was not taxable as long-term capital gains. The judgment clarified the tax implications of such transactions, ultimately deciding in favor of the assessee. Case-Laws Income Tax Mon, 02 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243374