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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Taxability of sale consideration of a going concern - Merely ...


Sale Breakdown Doesn't Alter Slump Sale Tax Status, Consideration Remains Unaffected by Assessee's Itemization.

January 2, 2014

Case Laws     Income Tax     HC

Taxability of sale consideration of a going concern - Merely because the assessee has given split up figures of how he has claimed and received the consideration from the purchaser, it would not take the goods out of slump sale - HC

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