{"id":46245,"date":"2024-09-15T09:38:49","date_gmt":"2024-09-15T04:08:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-shri-ganga-nagar-bottling-co-2024462-itr-32-sc-editorial-cit-v-shri-ganga-nagar-bottling-co-2024462-itr-12-rajhc\/"},"modified":"2024-09-15T09:38:49","modified_gmt":"2024-09-15T04:08:49","slug":"cit-v-shri-ganga-nagar-bottling-co-2024462-itr-32-sc-editorial-cit-v-shri-ganga-nagar-bottling-co-2024462-itr-12-rajhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-shri-ganga-nagar-bottling-co-2024462-itr-32-sc-editorial-cit-v-shri-ganga-nagar-bottling-co-2024462-itr-12-rajhc\/","title":{"rendered":"CIT v. Shri Ganga Nagar Bottling Co. (2024)462 ITR 32 (SC) Editorial : CIT v. Shri Ganga Nagar Bottling Co. (2024)462 ITR 12 (Raj)(HC)"},"content":{"rendered":"<p>The High Court dismissed the Department\u2019s appeal affirming the view of the Tribunal that the sale of business assets by the assessee was a slump sale and not an itemised sale and that since the cost of acquisition of the goodwill and know-how transferred could not be ascertained no capital gains could be taxed. SLP of Revenue is dismissed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 50B : Capital gains-Slump sale-Sale of  business as running concern-Sale is not  of  itemised assets-Not liable to tax-SLP of Revenue is dismissed.  [S. 2(42C), 41(2), 45, 50(2), 50B(2) 55(2)(a), Art. 136] <\/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_post_was_ever_published":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":""},"categories":[21],"tags":[],"class_list":["post-46245","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-c1T","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46245","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=46245"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46245\/revisions"}],"predecessor-version":[{"id":46246,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46245\/revisions\/46246"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=46245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=46245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}