https://www.taxtmi.com/caselaws?id=16329 The court determined that the taking over of the assessee-company's undertaking did not constitute a slump sale but rather the sale of individual assets. The court favored the Revenue in this regard. The controversy over the determination of the cost of assets for capital gains and the treatment of consumer's contribution was deemed academic as the Tribunal remanded the factual aspect. The court found the solatium given to the applicant taxable, aligning with precedent and ruling in favor of the Revenue. The reference was disposed of with no order as to costs. en-us Thu, 05 Nov 1998 00:00:00 +0530 Mon, 07 Sep 2009 10:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16329 The court determined that the taking over of the assessee-company's undertaking did not constitute a slump sale but rather the sale of individual assets. The court favored the Revenue in this regard. The controversy over the determination of the cost of assets for capital gains and the treatment of consumer's contribution was deemed academic as the Tribunal remanded the factual aspect. The court found the solatium given to the applicant taxable, aligning with precedent and ruling in favor of the Revenue. The reference was disposed of with no order as to costs. Case-Laws Income Tax Thu, 05 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16329