Bench: Shri Kul Bharat & Shri Manish Boradassessment Year: 2010-11
50B of the Act. Therefore, provisions of section 50C of the Act cannot be applied. It is contended that the transaction is a slump sale and a strong stress is laid on the subsequent possession letter and the notification made by the vendee in news paper. For the sake of clarity, the relevant clauses of sale deed executed