https://www.taxtmi.com/caselaws?id=327017 The Tribunal upheld the CIT(A)'s decisions on various issues, including the deletion of capital gain under Section 50B of the Income Tax Act, disallowance of compensation for machine performance, allowance of bad debt claim, and delayed payment of employees' contribution towards ESI. The Tribunal rejected the Revenue's arguments, affirming that the transactions did not qualify as a slump sale, the compensation was for non-performance and not a cost reduction, the bad debts were genuine, and the delayed ESI payments were made before the income tax return filing deadline. en-us Wed, 23 Mar 2016 00:00:00 +0530 Sat, 30 Apr 2016 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327017 The Tribunal upheld the CIT(A)'s decisions on various issues, including the deletion of capital gain under Section 50B of the Income Tax Act, disallowance of compensation for machine performance, allowance of bad debt claim, and delayed payment of employees' contribution towards ESI. The Tribunal rejected the Revenue's arguments, affirming that the transactions did not qualify as a slump sale, the compensation was for non-performance and not a cost reduction, the bad debts were genuine, and the delayed ESI payments were made before the income tax return filing deadline. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327017