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Planet M Division Transfer as Slump Exchange: Section 50B Not Applicable, No Slump Sale.

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Full Text of the Document

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....Slump sale - transfer of Planet M. division in consideration of equity shares and 6% redeemable unsecured debentures - the provisions of section 50B are not applicable to this case as it is a case of slump exchange and not a slump sale - AT....

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