https://www.taxtmi.com/caselaws?id=57854 The Tribunal upheld the CIT(A)'s decision, confirming the transaction as a slump sale, thereby exempting it from individual asset taxation. The AO was instructed to compute capital gains liability based on the entire undertaking's transfer, following jurisdictional High Court guidance. The Revenue's appeal was partly allowed with specific directions for assessment. en-us Thu, 01 Apr 2004 00:00:00 +0530 Fri, 05 Jul 2024 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57854 The Tribunal upheld the CIT(A)'s decision, confirming the transaction as a slump sale, thereby exempting it from individual asset taxation. The AO was instructed to compute capital gains liability based on the entire undertaking's transfer, following jurisdictional High Court guidance. The Revenue's appeal was partly allowed with specific directions for assessment. Case-Laws Income Tax Thu, 01 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57854