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Slump Sale – Transfer of right to carry on business is chargeable as capital gains
Case Law Details
- Case Name
- Assistant Commissioner of Income-tax, Circle 33(1), New Delhi Vs Smt. Sangeeta Wij (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09
- Courts
- ITAT Delhi
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IN THE ITAT DELHI BENCH ‘G’
Assistant Commissioner of Income-tax, Circle 33(1), New Delhi
V/s.
Smt. Sangeeta Wij
IT Appeal No. 4274 (Delhi) of 2011
[Assessment Year 2008-09]
MAY 25, 2012
ORDER
A.D. Jain, Judicial Member
This is Department’s appeal for the assessment year 2008-09 against the order dated 29.6.2011 of the CIT(A)XXVI, New Delhi, contending that the ld. CIT(A) has erred in deleting the addition of Rs. 1,20,00,000/- received by the assessee as compensation, as business profit u/s 28(va) of the I.T. Act, since the assessee has been found to have r...
