https://www.taxtmi.com/caselaws?id=340179 The Tribunal found that the lower authorities erred in applying Section 50B of the Income-tax Act, 1961, and directed the Assessing Officer to disallow the capital loss of Rs. 2,76,000 in the assessment. The appeal was partly allowed, correcting the misapplication of slump sale provisions and ensuring the accurate computation of capital gains or losses. en-us Fri, 10 Mar 2017 00:00:00 +0530 Fri, 17 Mar 2017 11:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340179 The Tribunal found that the lower authorities erred in applying Section 50B of the Income-tax Act, 1961, and directed the Assessing Officer to disallow the capital loss of Rs. 2,76,000 in the assessment. The appeal was partly allowed, correcting the misapplication of slump sale provisions and ensuring the accurate computation of capital gains or losses. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340179