Follow Us:
  2. Income Tax
  3. Judiciary

Court-approved Schemes vs. ‘Slump Sale’ after Finance Act 2021–22: Legal Faultline and Practical Tax Planning

Case Law Details

Case Name : Grasim Industries Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2009-10
Courts : All ITAT ITAT Mumbai
Become a Premium member to Download. If you are already a Premium member, Login here to access.

Grasim Industries Ltd. Vs DCIT (ITAT Mumbai)

Court-Approved Schemes vs. “Slump Sale” after the Finance Act 2021-22: Legal Faultlines and Practical Tax Planning

The Income Tax Appellate Tribunal (“ITAT”), Mumbai, in Grasim Industries Ltd. v. DCIT (ITA No. 2224/Mum/2016, decided on 23 May 2025), revisited a fundamental question in corporate tax law: whether a transfer of an undertaking under a court-approved scheme of arrangement constitutes a “slump sale

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Tags:

Kindly Refer to Privacy Policy & Complete Terms of Use and Disclaimer.

Author Bio

Name: Anubhuti Raje
Qualification: Student- Others
Company: N/A
Location: South Delhi, Delhi, India
Member Since: 08 Aug 2025 | Total Posts: 6
Anubhuti Raje is a final-year B.A. LL.B. (Hons.) student at Gujarat National Law University with a strong focus on taxation law, corporate law, and dispute resolution. Her work spans GST, constitutional law, arbitration, and white-collar crime, combining rigorous statutory interpretation with practi View Full Profile

My Published Posts

GST on Foreign Patent Filing Fees: Understanding Medtrainai Ruling Judicial Evolution of GST on Secondment: Northern Operating Systems to Alstom India-UK CETA, DGFT Clarification and GST: Trade and Tax Intersections Project Imports under Customs Law– How Burden of Proof Shapes Classification Outcomes Beyond Section 54(3)- Can Section 49(6) Unlock Refunds of Unutilised ITC on Business Closure? View More Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Latest Posts

View All Posts
Ads Free tax News and Updates

Featured Posts

View All Featured Posts

Popular Posts

Search Post by Date
February 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
232425262728