Transfer of Lift Division – Slump sale - The parties were agreed ...
Assessee's Lift Division Transferred via Slump Sale Deemed an Exchange, Not a Sale; Consideration in Bonds or Shares.
May 16, 2014
Case Laws Income Tax HC
Transfer of Lift Division – Slump sale - The parties were agreed that the assessee was to transfer the undertaking and take bonds/preference shares as consideration - it was a case of exchange and not a sale - HC
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