whether Agreement dated 6-1-1995 was a slump sale or a sale of itemized assets?
Being aggrieved, the assessee-PAL has come ... deciding the question as to whether the sale was a slump sale or a sale of an itemized assets, one has to look
holder agreed for setting aside the sale. Therefore the appeal concerns only with regard to the sale of items ... item No. 2. 4th respondent purchased item No. 4 in Court auction and decree-holder purchased item No. 5. With respect to item
whether agreement dt. 6th Jan., 1995, was a slump sale or a sale of itemized assets ?
Being aggrieved, the assessee--PAL has come ... deciding the question as to whether the sale was a slump sale or a sale of an itemized assets, one has to look
slump sale. A slump sale contemplates sale of a
going concern with lock, stock and barrel. The agreement of itemised sale is a device ... sale of the entire business.
37. Further, in deciding the question as to whether the sale was a slump sale or a sale of
itemized
jewellery at the next sale and any deficiency arising
at such sale together with all expenses arising from
the subsequent sale shall be borne ... items offered for sale, they may reject
the tendered offers and negotiate the sale of any item
with any party for a higher price
sale in respect of properties at Item ‘A’ and Item ‘D’ of the
Schedule of Properties in First Sale Notice dated 21.1.2012
is set aside ... sale is as under:
“SALE NOTICE DT. 21.01.2012
SCHEDULE OF PROPERTIES
S.NO. SCHEDULE OWNERS MODE OF
PROPERTY SALE
43
1 ItemA – Late
Sale of the jewellery on the ground that the sale was collusive and clandestine and trustees were going to finalise the sale ... letter of acceptance sent to the 7th respondent, relating to sale of item 16, the date was changed to 17-3-78. Mr. Malhotra
particulars about 1436 sales during the period of three years. The Special Tahsildar rejected 1100 sales covered by sale Items 1, 2 to 1431 since ... sale of vacant sites, well rights and pathway rights, etc. have been left out from consideration since those sales were combined sales. The sale Item
petition to set aside the court sale. The appellate court took the view that the sale of items 1, 4 and 5 became absolute only ... filed within three years of the order confirming the sale. The court sale of item I also therefore became absolute only
erred in reducing from the block of assets the sale value as
recorded in the books of purchasing company pertaining to glass
division and bulk ... slump sale basis
on the alleged ground that the A.O has considered it as sale of itemized
sale of assets.
5. The Appellant pays
