https://www.taxtmi.com/caselaws?id=60321 The tribunal ruled in favor of the assessee on both issues. It deleted the disallowance of Rs. 3.68 crores for pension liability under VRS, emphasizing that the liability was definite and certain, not contingent. Additionally, the tribunal excluded the profits assessed under section 41(2) for the sale of Rallis Chemicals Factory, confirming it as a slump sale where the entire undertaking was sold for a consolidated price without itemized consideration for individual assets. en-us Wed, 18 Jan 1995 00:00:00 +0530 Tue, 04 Jan 2011 16:39:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60321 The tribunal ruled in favor of the assessee on both issues. It deleted the disallowance of Rs. 3.68 crores for pension liability under VRS, emphasizing that the liability was definite and certain, not contingent. Additionally, the tribunal excluded the profits assessed under section 41(2) for the sale of Rallis Chemicals Factory, confirming it as a slump sale where the entire undertaking was sold for a consolidated price without itemized consideration for individual assets. Case-Laws Income Tax Wed, 18 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60321