https://www.taxtmi.com/caselaws?id=396484 The Tribunal upheld the CIT(A)'s decision to treat the sale of windmills as a slump sale and compute long-term capital gains under section 50B. The Tribunal dismissed the revenue's appeal and the assessee's cross objections, confirming that the windmills constitute a separate undertaking and that the computation of capital gains was correctly done under the special provisions of section 50B. en-us Fri, 19 Jun 2020 00:00:00 +0530 Tue, 07 Jul 2020 12:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396484 The Tribunal upheld the CIT(A)'s decision to treat the sale of windmills as a slump sale and compute long-term capital gains under section 50B. The Tribunal dismissed the revenue's appeal and the assessee's cross objections, confirming that the windmills constitute a separate undertaking and that the computation of capital gains was correctly done under the special provisions of section 50B. Case-Laws Income Tax Fri, 19 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396484