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Slump sale (section 50b) and section 50c

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(Querist)
05 November 2014 In a slump sale, individual values for assets like land and building or both is not ascertained. A lump sum price is paid for the whole undertaking. In such circumstances, will section 50C be applicable?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
05 November 2014 section 50c doesnt apply to the slump sale...
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
05 November 2014 refer https://www.taxsutra.com/node/263
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