https://www.taxtmi.com/caselaws?id=469128 A slump sale of an industrial undertaking for a lump sum consideration was computed under Section 50B on net worth supported by Form 3CEA, and Section 50C was held inapplicable because no individual asset or liability values were assigned. Explanation 2 to Section 2(42C) prevents stamp duty valuation from being treated as allocation of values to assets and liabilities, so the deeming fiction in Section 50C could not be used to enhance the transfer value. The later insertion of Section 11UAE was prospective and did not apply to the assessment year concerned. Reliance on Artex Manufacturing Co. was found misplaced because it arose in a different statutory setting. en-us Mon, 10 Apr 2023 00:00:00 +0530 Wed, 03 Jun 2026 12:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469128 A slump sale of an industrial undertaking for a lump sum consideration was computed under Section 50B on net worth supported by Form 3CEA, and Section 50C was held inapplicable because no individual asset or liability values were assigned. Explanation 2 to Section 2(42C) prevents stamp duty valuation from being treated as allocation of values to assets and liabilities, so the deeming fiction in Section 50C could not be used to enhance the transfer value. The later insertion of Section 11UAE was prospective and did not apply to the assessment year concerned. Reliance on Artex Manufacturing Co. was found misplaced because it arose in a different statutory setting. Case-Laws Income Tax Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469128