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
section 42(C) r.w.s. 50B to treat the same as slump sales. 3.3 It was contended that the Taloja unit initially leased out from innovative Marine Foods Ltd., an associate concern of the assessee was taken possession by the assesseeon 31/03/1997, being the leasehold right for factory building and office building and plant and machinery and on these dates