High Court: Business Transfer to Subsidiary for Equity Shares Not a Slump Sale u/s 50B, No Capital Gains Tax. https://www.taxtmi.com/highlights?id=54776 Slump sale u/s 50B or not - Transfer of business in lieu of equity shares to its subsidiary by a scheme of arrangement as approved by HC - mere use of the expression ‘consideration for transfer’ cannot be said to be a transaction as a sale - The activity not liable to Capital Gain tax - HC en-us Tue, 15 Sep 2020 13:19:42 +0530 Tue, 15 Sep 2020 13:19:42 +0530 TaxTMI RSS Generator High Court: Business Transfer to Subsidiary for Equity Shares Not a Slump Sale u/s 50B, No Capital Gains Tax. https://www.taxtmi.com/highlights?id=54776 Slump sale u/s 50B or not - Transfer of business in lieu of equity shares to its subsidiary by a scheme of arrangement as approved by HC - mere use of the expression ‘consideration for transfer’ cannot be said to be a transaction as a sale - The activity not liable to Capital Gain tax - HC Highlights Income Tax Tue, 15 Sep 2020 13:19:42 +0530 https://www.taxtmi.com/highlights?id=54776