without appreciating that
charging section for Capital Gain is section 45 whereas section 50B
is a mere computational section, hence capital gain computed under
section ... charging section)
and the charging section for the capital gains would be section 45
only and by no stretch of imagination section 50B
acquisition and cost of improvement for section 48 and section 49 of the
Act. As per section 50B , no indexation benefit is available on cost ... acquisition and cost of improvement for section 48
and section 49 of the Act. As per section 50B , no indexation benefit is
available on cost
acquisition and cost of
improvement for section 48 and section 49 of the Act. As per section 50B ,
no indexation benefit is available on cost ... acquisition and cost of improvement for section 48 and section 49 of the
Act. As per section 50B , no indexation benefit is available on cost
being assigned to the individual assets
and liabilities in such sales. Section 50B of the Act, provides the mechanism for
computation of capital gains arising ... acquisition and cost of improvement
for section 48 and section 49 of the Act. As per section 50B , no indexation benefit
is available on cost
learned CIT(A) failed to remand the issue of applicability of
Section 50B along with Form 3CEA For examination of the Assessing
Officer ... course of scrutiny proceedings, hence Form 3CEA and applicability of
Section 50B was not a subject matter at the time of assessment
proceedings
Slump Sale within the meaning of the proviso to sub section 1 of Section 50B
of the IT Act.
(ii) During the period relevant ... slump sale within the meaning of the
proviso to sub section 1 of Section 50B of the Act.
The provisions of section 50B
Return. Hence Provisions of Section 50C of the IT Act, 1961 are
clearly attracted in this case. Provisions of Section 50B ... issue before the Assessing Officer regarding Slump Sale and
applicability of section 50B of the Income Tax Act. However, the CIT(A) has observed
Section 65(105)(zzp) of Finance Act, 1994. We have perused the
definition of "goods transport agency" in Section 65 (50b) of
Finance ... Section 2 of the Motor Vehicles Act, 1988. In terms of
6
ST/944 & 945/2009
Section 65 (50b) , 'Goods Transport Agency
Section 65(105)(zzp) of Finance Act, 1994. We have perused the
definition of "goods transport agency" in Section 65 (50b) of
Finance ... Section 2 of the Motor Vehicles Act, 1988. In terms of
6
ST/944 & 945/2009
Section 65 (50b) , 'Goods Transport Agency
Section 65(105)(zzp) of Finance Act, 1994. We have perused the
definition of "goods transport agency" in Section 65 (50b) of
Finance ... Section 2 of the Motor Vehicles Act, 1988. In terms of
6
ST/944 & 945/2009
Section 65 (50b) , 'Goods Transport Agency
