https://www.taxtmi.com/caselaws?id=396935 The High Court allowed the appeal, set aside the Tribunal's order, and restored the CIT(A)'s decision, concluding that the transfer of the API division was not a 'slump sale' and that Section 50B of the Income Tax Act, 1961 was not attracted. The substantial questions of law were answered in favor of the assessee. en-us Tue, 07 Jul 2020 00:00:00 +0530 Sat, 25 Jul 2020 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396935 The High Court allowed the appeal, set aside the Tribunal's order, and restored the CIT(A)'s decision, concluding that the transfer of the API division was not a 'slump sale' and that Section 50B of the Income Tax Act, 1961 was not attracted. The substantial questions of law were answered in favor of the assessee. Case-Laws Income Tax Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396935