https://www.taxtmi.com/caselaws?id=339212 The Tribunal upheld the Revenue's method of including negative net worth in the computation of capital gains for a slump sale under Section 50B of the Income Tax Act, resulting in a capital gain of Rs. 300 crore instead of the Rs. 143 crore declared by the assessee. The appeal was dismissed, affirming that the negative net worth should be added to the sale consideration to determine the correct amount of capital gain. en-us Tue, 22 Nov 2016 00:00:00 +0530 Tue, 21 Feb 2017 00:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339212 The Tribunal upheld the Revenue's method of including negative net worth in the computation of capital gains for a slump sale under Section 50B of the Income Tax Act, resulting in a capital gain of Rs. 300 crore instead of the Rs. 143 crore declared by the assessee. The appeal was dismissed, affirming that the negative net worth should be added to the sale consideration to determine the correct amount of capital gain. Case-Laws Income Tax Tue, 22 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339212