VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
transferred as a going concern for slump
sale price, in the absence of evidence on record as to how
the slump price stood arrived at, section 41(2) had no
application. It is interesting to note that the judgment in
the case of Electric Control Gear Mfg. Co. is given by the
same Bench which decided the case of
Artex
