No capital gain in the hand of transferee in Slump Sale of certain Business Line

DCIT Vs Thulasi Mohan Constructions Pvt. Ltd. (ITAT Chennai)

Introduction: The case of DCIT Vs. Thulasi Mohan Constructions Pvt. Ltd. (ITAT Chennai) revolves around a dispute concerning capital gains in the context of a business slump sale. In this assessment for the year 2011-12, the Revenue challenged the order of the Commissioner of Income Tax (Appeals) dated 13-09-2019.

Detailed Analysis: The core issues addressed in t

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