slump sale' as per Section 2(42C) of
the Act and capital gains cannot be computed under Section
50B of the Act holding that ... conditions under Section 2(42C) of the
Act. Therefore, the transfer cannot be considered as a 'slump
sale'.
11. Section 50B
review?
d}
V. _consequently '*.co'nstitute
mistake' rectifiable under Section 254(2) of
V' - the ihcorrie Act?
52
Whether the tribunal ... when the
provisions'Qf~Sec_ii0n..--'50B of the Act was
introduced' from 1-4«2ooo and
an apparent
similar circumstances suo-motu power was
given to the Collector under section 50B (iv) of the
Andhra Pradesh (Telangana Area) Tenancy and
Agricultural Lands ... certificate issued or
proceedings taken by the Tahsildar under this section
for the purpose of satisfying himself as to the legality
or propriety of such
similar circumstances suo-motu power was
given to the Collector under section 50B (iv) of the
Andhra Pradesh (Telangana Area) Tenancy and
Agricultural Lands ... certificate issued or
proceedings taken by the Tahsildar under this section
for the purpose of satisfying himself as to the legality
or propriety of such
goods transport operators relying
on the following statutory provisions:
" Section 65(50b) "goods transport agency"
means any person who provides service ... exigible to service tax as per
Section 65(105) (zzp) and Section 65 (50b) of the
Finance Act as well as Rule
Appeals). The Appellate Authority held that before
the introduction of Section 50B with effect from
01.04.2000 which will be relevant for the assessment
period ... within the ambit of Section 45 . It is
because of these pronouncements, now the law has
been amended introducing Section 50B , which has
come into
which falls within
the contemplation of Section 45 . It is further held
that, the charging section and the computation
provisions together constitute an integrated Code ... within the ambit of Section 45 . It is
because of these pronouncements, now the law has
been amended introducing Section 50B , which has
come into
terms of Section 50B(1)(b)(i) of the Karnataka Land
Revenue Act, 1964, to approach the Director of Survey
Settlement and Land Records
that petitioner indeed has
issued a consignment note as contemplated in
Section 65(50b) of the Finance Act, 1994 construing
the petitioner as Goods Transport
estate duty under section 44 of the Act.
11. Section 5(1) of the Act is the charging section which charges to duty all property ... sold in open market at the time of his death. Section 44 to 50B which come under Part VI provide for deductions in determining
