Slump sale - taxable as LTCG or STCG - sale of depreciable ...

Business Sale Taxed as LTCG, Not STCG, Under Income Tax Act; Section 50(2) Inapplicable for Entire Business Sale.

April 21, 2017

Case Laws Income Tax SC

Slump sale - taxable as LTCG or STCG - sale of depreciable assets - the provisions of Section 50 (2) would apply to a case where the assessee transfers one or more block of assets, which he was using in running of his business. Such is not the case here because in this case, the assessee sold the entire business as a running concern. - SC

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Slump sale - taxable as LTCG or STCG - sale of depreciable ...

Business Sale Taxed as LTCG, Not STCG, Under Income Tax Act; Section 50(2) Inapplicable for Entire Business Sale.

April 21, 2017

Case Laws Income Tax SC

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