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 : Understand Section 50B Slump Sale, where an undertaking is sold without individual asset valuation. Learn about computation, tax r...
Income Tax : Explore the strategic advantages, tax implications, and legal insights into slump sales, a key method of business transfer. Unders...
Income Tax : Learn about tax implications on slump sales under Section 50B of the Income-tax Act. Understand computation, rates, and GST implic...
Income Tax : Analysis of DCIT vs. Thulasi Mohan Constructions Pvt. Ltd. case, where capital gains in a business slump sale were contested. Lear...
Service Tax : CESTAT Ahmedabad held that transfer of technical know-how and patent etc. are in pursuance to the slump sale and not by way provid...
Income Tax : The Honble Supreme Court held that in the event of Slum Sale, the appellant would not be liable for any tax obligations before the...
Income Tax : ITAT held that by acquiring business rights along with tangible assets, the assessee got an up and running business and the specif...
Income Tax : PCIT Vs Akzo Noble India Limited (Calcutta High Court) Issue– Whether on the facts and in the circumstances of the case the ...
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...
Understand how to determine the Full Value of Consideration in a Slump Sale under Section 50B of the Income Tax Act. Learn about methods and rules for calculating capital gains.
GST on slump sale? Understand how the Central Board of Indirect Taxes & Customs view slump sale & why GST should not apply.
The Honble Supreme Court held that in the event of Slum Sale, the appellant would not be liable for any tax obligations before the date on which Agreement was executed as the appellant was neither a dealer nor a manufacturer before the date of execution of Agreement.
Slump sale is one of the most preferred ways of carrying out mergers & acquisitions deals where assessee transfers the entire undertaking or division for a lumpsum consideration without considering the individual values of the assets and liabilities.
ITAT held that by acquiring business rights along with tangible assets, the assessee got an up and running business and the specified intangible assets acquired under slump sale agreement are in the nature of any other business or commercial rights of a similar nature on which depreciation is allowable.
SLUMP SALE AND ITS IMPLICATIONS A slump sale for income tax purposes would be one where an undertaking is sold without considering the individual values of the assets or liabilities contained within the undertaking. Tax Effect in Slump Sale The gain or loss resulting out of a slump sale shall be a Capital Gain/Loss under […]
Slump sale is defined in clause (42C) of section 2 of the Act, as the transfer of one or more undertaking, by any means, for a lump sum consideration without values being assigned to individual assets and liabilities in such sales. Vide the Finance Act, 2021, the definition of ‘slump sale’ was amended to expand […]
PCIT Vs Akzo Noble India Limited (Calcutta High Court) Issue– Whether on the facts and in the circumstances of the case the Learned ITAT, Kolkata has erred in law in deleting the disallowance of sum of Rs.3.50 Crores and Rs.2.11 Crores for the assessment year 2006-07 and 2007-08 respectively on account of slump sale of […]
Seeking relief from Rule 11UAE impact on slump sale transactions? Learn how BCAS made a representation to CBDT for a solution.
Plugging loopholes within Section 50B governing Slump Sale Transactions : Amendments by Finance Act, 2021 This presentation would aim to simply explain what a slump-sale is and proceed to explain the concept of a slump sale in a tax perspective due to several issues faced pertaining to the tax-computation mechanism of a slump sale and […]
