Dismissing the appeal of the revenue , the Court held that there was neither any plant, machinery, furniture and fixtures, nor was there any building in existence at time when land was sold therefore it was not a slump sale. (AY. 2004-05)
PCIT v. Linde India Ltd. (2018) 254 Taxman 204 / 302 CTR 262(Cal.)(HC)
S. 2(42C) : Slump sale – There was neither any plant, machinery, furniture and fixtures, nor was there any building in existence at time when land was sold therefore it was not a slump sale.