No reassessment to tax slump sale as ITAT upheld that transfer of undertaking in lieu of shares wasn’t slump sale

May 23, 2014[2014] 45 taxmann.com 104 (Bombay)

IT : Reassessment on ground that transfer of undertaking by assessee was slump sale was unjustified since Tribunal had clearly recorded that transfer in lieu of shares was not a slump sale