VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
75
Page 14
JUDGMENT
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Rs.11,50,400. Therefore, the sale consideration had been
arrived at after taking into account the value of plant,
machinery and dead stock as computed by the valuer and,
consequently, it was held that the surplus arising on the
sale was taxable under section 41(2) of the Act and not as
capital gains
