VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
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therefrom is to be treated as capital gain within the meaning of Section
45 of the Act.
25)
The assessees, however, are attempting the wriggle out from payment of
capital gain tax on the ground that it was a “slump sale” within the
meaning of Section 2(42C) of the Act and there was no mechanism at
that time
