Transfer of business under scheme of arrangement approved by HC isn’t slump sale; SLP dismissed

INCOME TAX : SLP granted against High Court ruling that transfer of assessee’s non-transmission and distribution business in exchange of issuance and allotment of equity shares under a scheme of arrangement approved by High Court is not a slump sale exigible to capital gains tax under section 50BINCOME TAX : SLP granted against High Court ruling that transfer of assessee’s non-transmission and distribution business in exchange of issuance and allotment of equity shares under a scheme of arrangement approved by High Court is not a slump sale exigible to capital gains tax under section 50Bwww.taxmann.com Latest Case LawsRead More

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