Supreme Court Clarifies Capital Gains Tax on Slump Sale of Business: Commissioner of Income Tax vs. Equinox Solution Pvt. Ltd. (2017)

/ Abhay Manohar Sapre, Capital Gains Tax, Income Tax Act, 1961, Income Tax Act, 1961 with Section 48(2), Income Tax Act, 1961 with Section 50(2), Judges, R.K. Agrawal

Can the sale of an entire running business be treated as a short-term capital gain? The Supreme Court of India addressed this question in a case involving the Income Tax Department and Equinox Solution Pvt. Ltd. The court clarified that the sale of a whole business as a going concern is considered a long-term capital […]

Supreme Court Clarifies Capital Gains Tax on Slump Sale of Business: Commissioner of Income Tax vs. Equinox Solution Pvt. Ltd. (2017) Read Post »