TaxTMI 
TaxTMI 
Tax Case: Secured Loans Must Be Deducted from Total Assets in Slump Sale u/s 50B for Accurate Net Worth.
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....Computation of short term capital gains - Slump sale -CIT(A) has not reduced the amount of secured loans from the amounts of total assets to arrive at the net worth of undertaking which is not a correct position as per provisions of section 50B - AT....