Bench: Shri Mahavir Prasad & Shri Manish Boradvirtual Hearing Assessment Year: 2014-15
50B of the Act, liable for capital gain :- a) CIT vs. Accelerated Freeze Drying Co. Ltd. [2011] 337 ITR 440 (Kerala) b) Premier Automobiles Ltd. vs. ITO [2003] 264 ITR 193 (Bom.) " It may please be appreciated that the slump sale transaction was therefore not a Specified Domestic Transaction as defined in section 92BA