Merchant Banking Business Transfer Not Subject to Section 50B Slump Sale Provisions Due to Lack of Actual Undertaking Transfer.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Transfer of the merchant banking business - nature of the transfer does not attract the provision of section 50B in relation to slump sale also as there is no transfer of an undertaking by the assessee. - AT....