High Court Rejects Tribunal's Stance on Slump Sale Asset Valuation; Disagrees with Taxpayer's Interpretation of Written Down Value.

High Court Rejects Tribunal's Stance on Slump Sale Asset Valuation; Disagrees with Taxpayer's Interpretation of Written Down Value. https://www.taxtmi.com/highlights?id=26860 Computation of Slump sale - ITAT had accepted the Assessee’s contention that in case the entire block of assets was sold, the written down value of the block of assets as existing must be taken at the aggregate value of the total assets. We are unable to concur with the said view. - HC en-us Sun, 10 Jan 2016 22:13:11 +0530 Sun, 10 Jan 2016 22:13:11 +0530 TaxTMI RSS Generator High Court Rejects Tribunal's Stance on Slump Sale Asset Valuation; Disagrees with Taxpayer's Interpretation of Written Down Value. https://www.taxtmi.com/highlights?id=26860 Computation of Slump sale - ITAT had accepted the Assessee’s contention that in case the entire block of assets was sold, the written down value of the block of assets as existing must be taken at the aggregate value of the total assets. We are unable to concur with the said view. - HC Highlights Income Tax Sun, 10 Jan 2016 22:13:11 +0530 https://www.taxtmi.com/highlights?id=26860