Whether sum received from Subsidiary to the holding company in a scheme approved by High Court considered as Slump Sale

FCS Deepak Pratap Singh , Last updated: 14 November 2021  
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INCOME TAX QUESTIONS ANSWERS SERIES XXVI Sub: Whether any sum received from a subsidiary company by a holding company under scheme of arrangement sanctioned by High Court under provisions of Section 391 to 394 of the Companies Act, 2013 , be treated as Slump Sale and liable to Capital Gain Tax?

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Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
Category Income Tax   Report

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