362 results for “capital gains”+ Section 7(3)clear
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In the result, the appeal of the Revenue is allowed and the appeal of the
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
capital gain under Section 50B is the sale proceeds as reduced by the net worth. 6. From the above findings, we hold that the sale of the undertaking is a stump sale within the meaning of Section 2(42C) assessable under Section 50B of the Act and assessee also rightly styled the transaction as such as "slump sale