HomeNewsTrendsSlump sale: ITAT rules on negative networth
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Slump sale: ITAT rules on negative networth

The issue regarding the impact of a negative “net worth” of an undertaking transferred by a taxpayer under a ‘slump sale’ arrangement on the computation of capital gain has been a subject matter some debate with the Mumbai and the Delhi benches of the ITAT holding the matter in favor of the taxpayer.

March 14, 2012 / 15:58 IST
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first published: Mar 14, 2012 03:53 pm

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