Itemized sale of plant & machinery of a unit was not sale as a going concern unit, hence, not slump sale u/s 2(42C)
March 17, 2016
Income Tax, ITAT, Judgments
Itemized sale of the plant and machinery of chemical unit vide agreement was not the sale of the unit as a going concern and hence, the sale cannot be treated as slump sale u/s 2(42C) INCOME TAX APPELLATE TRIBUNAL “C” BENCH: KOLKATA I.T.A No.330/Kol/2013 Assessment Year: 2009-10 Hindustan Engineering & …