shall have the same
meaning as in clause (d) of section 269UA.
xxx
Section 50B. Special provision for computation of
capital gains in case ... transfers" under Section 2(47) . This is apparent as when we
read the proviso and sub-section (1) to Section 50B together
slump sale basis.
To address this issue, Section 2(42C) and Section 50B of the Act were
ITA 1003/2011 Page 4 of 31
introduced ... part of Section 43 of the Act. In the
circumstances, clause (a) of Explanation 2 to Section 50B of the Act must be
read
long term capital gain. Neither the provisions of Section 50 nor
the provisions of Section 50B shall be attracted in the present
matter. Rather provisions ... authorities and hold that neither the
provisions of section 50 nor the provisions of section 50B
shall be attracted in the present matter. Rather
Section 50(1) of the
ITA 12/2003 Page 10 of 28
Act was inapplicable. The Tribunal also noticed the provisions of Section
50B ... virtue of the Finance Act, 1999 - and held that since Section
50B of the Act was introduced after AY 1997-98, the said provision could
section 10, section 10A, section 10M, clause (b) of
subsection (1) of section 12A, section 44AB, section 440A, section
50B, section 80-1A, section ... section 10, section 10A, section 10AA, clause (b) of sub-
section (1) of section 12A, section 444B, section 44DA, section
50B, section 80-IA, section
section 10, section 10A, section 10M, clause (b) of
subsection (1) of section 12A, section 44AB, section 440A, section
50B, section 80-1A, section ... section 10, section 10A, section 10AA, clause (b) of sub-
section (1) of section 12A, section 444B, section 44DA, section
50B, section 80-IA, section
computed
long term capital gains qua the slump sale under section 50B of the I.T.
Act and under the said section, she furnished ... value of the other assets, in accordance with Explanation 2 to section
50B of the Act. The long term capital gain was thus calculated
capital
asset as defined under Section 2 (14) of the Act. Mr. Vohra pointed out that
Section 50B was a special provision for computation ... which is inserted with effect from 1 st April 2000. Under
Section 50B (1) profits or gains arising from a slump sale would be
chargeable
assessee submitted that assessee
has followed the method prescribed under section 50B(3) of the Act
alongwith Explanation (2). He submitted that ... submitted that the assessee following the
Explanation-2 below section 50B(3) of the Act has adopted written
down value of the block asset
accused persons including the
appellants under Sections 498A / 307 of IPC.
8. In the meanwhile, DD No.50B (Ex.PW4/D1) was also
