VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX

13 SCC 94 : 307 ITR 75 Page 14 JUDGMENT 14 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