https://www.taxtmi.com/caselaws?id=382388 The Tribunal ruled in favor of the Revenue regarding the effective date of transfer and upheld the applicability of Section 50B for slump sale assessment. It supported the disallowance of interest under Section 43B but remitted issues of interest on funds diverted to sister concerns and loss on re-instatement of foreign exchange loans for re-computation and re-assessment by the AO. The appeals were partly allowed for statistical purposes. en-us Fri, 28 Jun 2019 00:00:00 +0530 Mon, 01 Jul 2019 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382388 The Tribunal ruled in favor of the Revenue regarding the effective date of transfer and upheld the applicability of Section 50B for slump sale assessment. It supported the disallowance of interest under Section 43B but remitted issues of interest on funds diverted to sister concerns and loss on re-instatement of foreign exchange loans for re-computation and re-assessment by the AO. The appeals were partly allowed for statistical purposes. Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382388