https://www.taxtmi.com/caselaws?id=10731 The Tribunal upheld the decision that the transfer constituted a sale of the entire business as a going concern, not triggering section 41(2) of the Income-tax Act, 1961. The judgment favored the assessee, concluding that the provision could not be invoked in the given circumstances, aligning with legal principles and factual findings. The legal dispute progressed through assessments, appeals, and tribunal orders, emphasizing the nature of the business transfer as a slump sale and the absence of individual asset details required for section 41(2) applicability. en-us Wed, 15 Jun 2005 00:00:00 +0530 Wed, 22 Jul 2009 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10731 The Tribunal upheld the decision that the transfer constituted a sale of the entire business as a going concern, not triggering section 41(2) of the Income-tax Act, 1961. The judgment favored the assessee, concluding that the provision could not be invoked in the given circumstances, aligning with legal principles and factual findings. The legal dispute progressed through assessments, appeals, and tribunal orders, emphasizing the nature of the business transfer as a slump sale and the absence of individual asset details required for section 41(2) applicability. Case-Laws Income Tax Wed, 15 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10731