Slump Sale applicability: When consideration was not money but equity shares & debentures

Advocate Akhilesh Kumar Sah

Bennett Coleman & Co. case: where the consideration was not money but equity shares and debentures, the transaction was not a “Sale” but an “Exchange”, the provisions of Section 50B were not applicable

Section 50B of the Income Tax Act, 1961(for short ‘the Act’) deals with the capital gains in the case of slum

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