https://www.taxtmi.com/caselaws?id=384470 The tribunal upheld that the transfer of the appellant's fertilizer unit and fibre unit in the assessment year 1993-94 constituted a slump sale. The core assets of the undertakings were genuinely transferred as a going concern, leading to the exclusion of certain assets not affecting the slump sale status. As the cost of acquisition of intangible assets could not be determined, the income was deemed not chargeable to capital gains tax. The decision favored the assessee, dismissing the appeal and certifying the judgment for the parties involved. en-us Fri, 09 Aug 2019 00:00:00 +0530 Tue, 21 Jul 2020 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384470 The tribunal upheld that the transfer of the appellant's fertilizer unit and fibre unit in the assessment year 1993-94 constituted a slump sale. The core assets of the undertakings were genuinely transferred as a going concern, leading to the exclusion of certain assets not affecting the slump sale status. As the cost of acquisition of intangible assets could not be determined, the income was deemed not chargeable to capital gains tax. The decision favored the assessee, dismissing the appeal and certifying the judgment for the parties involved. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384470