arrived at as per the provisions of this section. (5) For the purposes of this section,–– (a) the "net worth" shall be the "aggregate value ... deduction under section 46, be nil; and (iv) for other assets, be the book value. [ Similar to Section 50B from The Income
Maharashtra Ordinance No.VII of 2025. By this amendment, Section 50B is
sought to be introduced and in the Statement of Objects and Reasons ... Admittedly, the learned District Judge did not have the benefit of Section
50B of the Maharashtra Public Trust Act, since the impugned order is dated
Maharashtra Ordinance No.VII of 2025. By this amendment, Section 50B is
sought to be introduced and in the Statement of Objects and Reasons ... Admittedly, the learned District Judge did not have the benefit of Section
50B of the Maharashtra Public Trust Act, since the impugned order is dated
Maharashtra Ordinance No.VII of 2025. By this amendment, Section 50B is
sought to be introduced and in the Statement of Objects and Reasons ... Admittedly, the learned District Judge did not have the benefit of Section
50B of the Maharashtra Public Trust Act, since the impugned order is dated
Maharashtra Ordinance No.VII of 2025. By this amendment, Section 50B is
sought to be introduced and in the Statement of Objects and Reasons ... Admittedly, the learned District Judge did not have the benefit of Section
50B of the Maharashtra Public Trust Act, since the impugned order is dated
conditions
prescribed in Section 2(42C) were fulfilled and that it had rightly reported
the capital gains in terms of Section 50B ... first have a look at
the relevant provisions of Section 2(42C) and Section 50B of the Act,
which is extracted as under:-
" Section
conditions
prescribed in Section 2(42C) were fulfilled and that it had rightly reported
the capital gains in terms of Section 50B ... first have a look at
the relevant provisions of Section 2(42C) and Section 50B of the Act,
which is extracted as under:-
" Section
Grasim Industries Limited,Mumbai vs Dcit, Cc-1(4), Mumbai on 9 September, 2025
IN
Dcit Cen Cir 1(4), Mumbai vs Grasim Industries Ltd, Mumbai on 9 September, 2025
condition of "slump sale of business provided
under Section 2(42C) read with Section 50B of the Act.
2
ITA No.5048/Mum/2024 ... slump sale in terms of Section 2(42C)
of the Act and therefore, the benefit of Section 50B of the Act was
rightly denied
