section (4B) or sub-section (4C) or sub-section (4D) >or sub-section (4E) or sub-section (4F) of section 139, be in Form ... section 10, section 10A, section 10AA, clause (b) of sub-section (1) of section 12A, section 44AB , section 44DA, section 50B, section 80-IA, section
Section 50B in The Income Tax Act, 1961
50B. Special provision for computation of capital gains in case of slump sale.
(1) Any profits ... cost of acquisition and the cost of improvement for the purposes of sections 48 and 49 and no regard shall be given to the provisions
Section 36 in Finance Act, 1999
36. Insertion of new section 50B.
- After section 50A of the Income-tax Act, the following section shall ... inserted with effect from the 1st day of April, 2000, namely:- '50B. Special provision for computation of capital gains in case of slump sale
purposes of
sections 48 and 49 . What is "net worth" has been defined in Explanation
1 to section 50B to mean the aggregate ... computation of capital gain is concerned.
(e) Sub-section (2) of section 50B makes it abundantly clear that the
undertaking or division as a whole
there was no dispute as regards the
applicability of section 2(42C) and section 50B of the Act, that in the case under consideration ... exchange, that he
also held that the provisions of section 2(42C) and section 50B were applicable, that as per the
FAA the assessee could
acquisition for the purpose of Section 48 would be the net worth as computed under the provisions of Section 50B . In view of this legal ... legislature in Section 48 , thus, itself shows that it never intended negative cost of acquisition. Since "net wroth" in Section 50B is deemed
prescribed form 3CEA as per the provisions of Sub-section (3) of Section 50B; but however, the Assessing Officer had computed the same applying ... slump sale within the meaning of Section 2(42C) of the Act attracting the provisions of section 50B of the Act for computation of capital
this regard we have to consider
the scope of Section 50 and Section 50B of the Act. In our view
assessee's claim ... Sections 48
and 49 net worth has to be computed in terms of explanation 1 of
the said Section. The capital gain under Section 50B
Section 21 in THE FINANCE ACT, 2021
21. Amendment of section 50B.
In section 508 of the Income-tax Act,- (a) for sub-section
Section 50B in Telangana Tenancy and Agricultural Lands Act, 1950
50B. [ Validation of certain alienation's and other transfers of agricultural lands. [Section
