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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Transfer of the merchant banking business - nature of the ...


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

May 25, 2013

Case Laws     Income Tax     AT

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

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