{"id":321,"date":"2018-04-29T14:41:53","date_gmt":"2018-04-29T14:41:53","guid":{"rendered":"http:\/\/itatonline.org\/digest\/l-t-finance-ltd-v-dcit-2018-168-itd-52-mum-trib\/"},"modified":"2018-04-29T14:41:53","modified_gmt":"2018-04-29T14:41:53","slug":"l-t-finance-ltd-v-dcit-2018-168-itd-52-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/l-t-finance-ltd-v-dcit-2018-168-itd-52-mum-trib\/","title":{"rendered":"L &#038; T Finance Ltd.  v. DCIT (2018) 168 ITD 52 (Mum)  (Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assesse , the Tribunal held that ; since assessee had neither transferred an undertaking or any part of an undertaking, or a unit or division of undertaking or a business activity taken as a whole, but what had been transferred was an individual asset, viz. business leads, which did not constitute a business activity on its own, view taken by Assessing Officer that amount received by assessee was liable to be characterized as a consideration received pursuant to a slump sale as per provisions of S. 50B, could not be upheld .  ( AY. 2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50B : Capital gains \u2013 Slump sale \u2013Transfer of  individual assets  to sister concern without transfer of undertaking or business activity as a whole  cannot be considered as slump sale [ S. 2(19AA), 2(42C ) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-321","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5b","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=321"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/321\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}