M/S HINDUSTAN ENGINEERING & INDUSTRIES LTD.,KOLKATA vs. A.D.I.T RANGE - 5,KOLKATA., KOLKATA
In the result, appeal of assessee is allowed
ITA 330/KOL/2013[2009-10]Status: DisposedITAT Kolkata15 Mar 2016AY 2009-10
Bench: Shri Mahavir Singh, Jm & Shri M. Balaganesh, Am]
For Appellant: Shri Siddharth Jhajharia, FCAFor Respondent: Shri G. Mallikarjuna, CIT, DR
Section 143(3)Section 2Section 50BSection 5O
68 held that the Tribunal held that the sale was a slump sale if it was a sale of a going concern, even if some of the assets were retained by the transferor and sections 50 and 50A of the Act were not applicable. On further appeal, the Revenue contended that the sale was a sale of block
