https://www.taxtmi.com/caselaws?id=341955 The Supreme Court affirmed the lower authorities' decisions, ruling that the sale of the entire running business constituted a slump sale of a long-term capital asset, not subject to short-term capital gain treatment under Section 50(2) of the Income Tax Act, 1961. The Court dismissed the Revenue's appeal, citing established legal principles and precedents, including the distinction between block asset transfers and selling an entire business as a going concern. en-us Tue, 18 Apr 2017 00:00:00 +0530 Mon, 29 May 2017 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341955 The Supreme Court affirmed the lower authorities' decisions, ruling that the sale of the entire running business constituted a slump sale of a long-term capital asset, not subject to short-term capital gain treatment under Section 50(2) of the Income Tax Act, 1961. The Court dismissed the Revenue's appeal, citing established legal principles and precedents, including the distinction between block asset transfers and selling an entire business as a going concern. Case-Laws Income Tax Tue, 18 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341955