Dear CCI Members,
One of my clients have sold their factory which was build on a leased land & the the period of lease is not completed. Will this be treated as a case of Slump sale (Sec-50B)? Please discuss its tax implications.
Regards,
SKG
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Will you plz tell how the property on leased land has been sold by him although he has no right over the land to sell the same ?
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