Sale of Entire Business amounts to Slump Sale, Taxable under Capital Gain: ITAT [Read Order]

Sale of Entire Business amounts - Slump Sale - Taxable- Capital Gain - ITAT -Taxscan

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the sale of an Entire business amounts to a slump sale and is taxable under capital gain. Lifestyle International Pvt. Ltd, the Assessee is a private limited company engaged in the business of retail trade of apparel and accessories, toys, baby basics,…

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