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No capital gain in the hand of transferee in Slump Sale of certain Business Line
Case Law Details
- Case Name
- DCIT Vs Thulasi Mohan Constructions Pvt. Ltd. (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Chennai
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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 this case include:
i. Jurisdiction and Reopening: The assessee contested the assumption of jurisdiction, claiming that the notice under section 148 was served...
