Slump Sale Excluding Cash Still Falls u/s 50B of Income Tax Act, All Assets Must Transfer.

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....Transfer of assessee’s business – Slump sales - non-transfer of the cash and bank balances of the three firms would not remove the assessee’s case from the purview of section 50B, which envisages the transfers of all the assets and liabilities, so that exclusion of even one may operate to preclude the same. - AT....