Income Tax : The distinction between slump sale and itemised asset sale determines how capital gains are taxed. A true slump sale applies Secti...
Income Tax : This article explains the requirement to file Form 28 under Section 77(4) for slump sale transactions. The key takeaway is that fi...
Income Tax : A slump sale involves transferring an undertaking for a lump-sum consideration without breaking down individual asset values. It s...
Income Tax : Slump sale is a concept that plays a critical role in restructuring and consolidation of businesses. Under Income-tax Act a slump ...
Income Tax : Discover key insights on Global Anti-Base Erosion Model Rules (GloBE) for M&A strategies. Learn about Income Inclusion and Underta...
Income Tax : Reopening notices under Section 148 were quashed as the petitioner’s depreciation claims on a slump sale of an injectable busine...
Income Tax : Court considered whether admissions made by seller in settlement proceedings could affect purchaser’s depreciation claim. It hel...
Income Tax : High Court ruled that an AO's failure to determine if a unit sale was a slump sale (S.50B) or short-term capital gain (S.50) made ...
Goods and Services Tax : Gujarat AAR ruled that the ₹60 crore transfer of RDB Realty s Surat housing project qualifies as a transfer of a going concern a...
Income Tax : ITAT ruled in Grasim Industries that a court-sanctioned scheme transfer before the 2021 amendment is a transfer by law, not a slum...
Income Tax : CBDT notifies Rule 11UAE Computation of Fair Market Value of Capital Assets for the purposes of section 50B of Income-tax Act, 196...
The distinction between slump sale and itemised asset sale determines how capital gains are taxed. A true slump sale applies Section 50B, while asset-wise transfers follow normal tax provisions.
This article explains the requirement to file Form 28 under Section 77(4) for slump sale transactions. The key takeaway is that filing is compulsory for capital gains computation.
Reopening notices under Section 148 were quashed as the petitioner’s depreciation claims on a slump sale of an injectable business were valid and fully disclosed.
Court considered whether admissions made by seller in settlement proceedings could affect purchaser’s depreciation claim. It held that such admissions do not undermine depreciation claimed on a bona fide slump sale.
A slump sale involves transferring an undertaking for a lump-sum consideration without breaking down individual asset values. It simplifies business restructuring but triggers capital gains tax for the seller.
High Court ruled that an AO’s failure to determine if a unit sale was a slump sale (S.50B) or short-term capital gain (S.50) made the assessment erroneous and reversible under Section 263.
Gujarat AAR ruled that the ₹60 crore transfer of RDB Realty s Surat housing project qualifies as a transfer of a going concern and is exempt from GST under Notification No. 12/2017.
ITAT ruled in Grasim Industries that a court-sanctioned scheme transfer before the 2021 amendment is a transfer by law, not a slump sale under Section 50B. The change is not retrospective.
ITAT Mumbai allows Jet Privilege depreciation on goodwill from slump sale, remands for recalculation. Cites Smifs Securities precedent.
ITAT allows depreciation on goodwill from Jet Airways slump sale citing SC precedent, but remits quantum calculation to AO for AY 2015-16.
