https://www.taxtmi.com/caselaws?id=383956 The tribunal upheld the CIT(A)'s decision that the sale of the seafood business undertaking was a slump sale under section 50B, resulting in long-term capital gains. The appeal filed by the assessee was dismissed, confirming the treatment of the sale as capital gains rather than business receipts. en-us Wed, 10 Apr 2019 00:00:00 +0530 Fri, 02 Aug 2019 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383956 The tribunal upheld the CIT(A)'s decision that the sale of the seafood business undertaking was a slump sale under section 50B, resulting in long-term capital gains. The appeal filed by the assessee was dismissed, confirming the treatment of the sale as capital gains rather than business receipts. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383956