Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that manufacturing, supply, and maintenance contracts acquired through slump...
![Slump Sale under BTA would not amount to Sale of Goods under MVAT Act: Bombay HC rules in favour of Piramal Enterprises Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Bombay-High-Court-Business-Transfer-Agreement-Piramal-Enterprises-Maharashtra-Value-Added-Tax-Slump-Sale-taxscan.jpg "Slump Sale under BTA would not amount to Sale of Goods under MVAT Act: Bombay HC rules in favour of Piramal Enterprises Ltd [Read Order]")
![Calcutta High Court deletes disallowance on account of Slump Sale of Chemical Undertaking [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Calcutta-High-Court-Slump-Sale-Taxscan.jpg "Calcutta High Court deletes disallowance on account of Slump Sale of Chemical Undertaking [Read Order]")
![Income Tax: CBDT notifies Slump Sale Amendment Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-CBDT-Slump-Sale-Amendment-Rules-Taxscan.jpeg "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]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-non-grant-depreciation-goodwill-taxscan.jpeg "ITAT remits the matter to AO on issue of non-grant of Depreciation on Goodwill [Read Order]")
![Sale of a running Hotel is ` Slump Sale ’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Hotel-Taxscan.jpg "Sale of a running Hotel is ` Slump Sale ’: ITAT [Read Order]")
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...
![Slump Price paid to Acquire Business has to be Bifurcated between Tangible and Intangible Assets for allowing Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Slump Price paid to Acquire Business has to be Bifurcated between Tangible and Intangible Assets for allowing Depreciation: ITAT [Read Order]")
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...
![DLF gets relief from Delhi HC as Capital Gain from Slump Sale is Not Taxable before 2000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/DLF-Taxscan.jpg "DLF gets relief from Delhi HC as Capital Gain from Slump Sale is Not Taxable before 2000 [Read Order]")
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...
![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]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "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]")