Section 50B Clarifies Slump Sales: Asset Transfers for Shares Viewed as Exchange, Not Sale, Affecting Tax in Amalgamations. https://www.taxtmi.com/highlights?id=17046 Application of Section 50B - Slump sale u/s 2(42C) - amalgamation - where a person carrying on business, transfers assets to a company in consideration of allotment of shares, it would be a case of exchange but not of sale - AT en-us Fri, 31 Jan 2014 14:51:24 +0530 Fri, 31 Jan 2014 14:51:24 +0530 TaxTMI RSS Generator Section 50B Clarifies Slump Sales: Asset Transfers for Shares Viewed as Exchange, Not Sale, Affecting Tax in Amalgamations. https://www.taxtmi.com/highlights?id=17046 Application of Section 50B - Slump sale u/s 2(42C) - amalgamation - where a person carrying on business, transfers assets to a company in consideration of allotment of shares, it would be a case of exchange but not of sale - AT Highlights Income Tax Fri, 31 Jan 2014 14:51:24 +0530 https://www.taxtmi.com/highlights?id=17046