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Slump Sale

Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]

Yogitha S Yogesh

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the transfer of Sponge Iron Unit through a court-approved Scheme of...

Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired...

Slump Sale under BTA would not amount to Sale of Goods under MVAT Act: Bombay HC rules in favour of...

Calcutta High Court deletes disallowance on account of Slump Sale of Chemical Undertaking [Read...

Income Tax: CBDT notifies Slump Sale Amendment Rules [Read Notification]

ITAT remits the matter to AO on issue of non-grant of Depreciation on Goodwill [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench remitted the matter to AO on the issue of non-grant of depreciation on goodwill. The assessee, NXP India Private Limited filed its...

Slump Sale, a Supply of Goods or Service under GST?

Introduction India is en-route to turn itself into a 21st-century super-economy fuelled by the unprecedented growth of its business enterprises. The business may grow in two ways - either in an...

Sale of a running Hotel is ` Slump Sale ’: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that the sale of hotel premises would amount to a slump sale which is liable to the taxed under Section 50B of the Income Tax Act. ...

Slump Price paid to Acquire Business has to be Bifurcated between Tangible and Intangible Assets for allowing Depreciation: ITAT [Read Order]

Pune bench of the Income Tax Appellate Tribunal (ITAT) recently held that slump price paid to acquire a business has to be bifurcated between both tangible and intangible assets for the purpose of...

DLF gets relief from Delhi HC as Capital Gain from Slump Sale is Not Taxable before 2000 [Read Order]

Real estate giant DLF Ltd got relief from the Delhi High Court recently as the Court deleted the addition made by the department on ground of slum sale worth Rs. 1177.50 lacs. While overruling the...

Sale of a Running Business with all Assets and Liabilities is a Slump Sale, would not attract Sec 50(2) of Income Tax Act: SC [Read Judgment]

In CIT v. Equinox Solution Pvt. Ltd, the two-judge bench of the Supreme Court held that the sale of a running business with all its assets and liabilities would not be covered by section 50(2) of the...