Slump Sale of Entire Undertaking Taxed as Capital Gain u/s 50B, Not as Business Profit.

Slump sale - assessee claimed as sale of depreciable assets - as per terms of agreement, the assessee sold the entire undertaking with all its assets and liabilities together with all licences, permits, approvals, registration, contracts, employees and other contingent liabilities also for a slump price, this kind of sale falls u/s 50B as slump sale - taxable as capital gain (Not as PGBP) .....

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