DCIT Vs. CIT — 8 Writ petition No. Tongani Tea Co. West Coast Chemicals and Industries Ltd. Electric Control Gear Manufacturing Co. Bindhu A. Paulson for the Respondent. The Assessing Officer vide order dated The relevant observation of the Assessing Officer in doing so, reads as follows
Section 50B of the Income-tax Act the Act being special provision for computation of capital gains in case of slump sale was inserted by the Finance Act with effect from i. The term slump sale is defined in section 2 42C of the Act to mean the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.
To put it simply “slump sale” is nothing but transfer of a whole or part of business concern as a going concern with lock, stock and barrel. As per Explanation 1 to section 2 42C of the Act the term ‘Undertaking’ has the same meaning as in Explanation 1 to section 2 19AA of the Act defining ‘demerger’. As per Explanation 1 to section 2 19AA of the Act, ‘undertaking’ shall include any part of an undertaking or a unit or division of an undertaking or a business activity taken as a whole, but does not include individual assets or liabilities or any combination thereof not constituting a business activity.
Explanation 2 to section 2 42C of the Act clarifies that the determination of value of an asset or liability for the payment of stamp duty, registration fees, similar taxes, etc.
The economic slump began when the U.S. housing market went from boom to bust, The Great Recession’s official end date was June
The Great Recession is a term that represents the sharp decline in economic activity during the late s. This period is considered the most significant downturn since the Great Depression. The term Great Recession applies to both the U. The economic slump began when the U. While no explicit criteria exist to differentiate a depression from a severe recession, there is a near consensus among economists that the downturn of the lates, during which U. GDP declined by 0. However, the event is unquestionably the worst economic downturn in the intervening years.
The appointees, which included six Democrats and four Republicans, cited several key contributing factors that they claimed led to the downturn. First, the report identified failure on the part of the government to regulate the financial industry.
Whether slump sale or not?
Guest Contributor. You find yourselves doing the same sorts of things on the weekends, eating at the same restaurants for dinner, hanging out with the same people. There are some blatant factors that let us know when a relationship is or should be over:.
You don’t want to date a soporific. Get the honeymoon back on track. But if thinking things over still leaves you in doubt, maybe it’s time for a bit of.
Ironically, I began falling asleep at my desk. After putting the kettle on and pouring myself a brew, I started wondering if it was normal to suddenly feel sleepy at this time in the afternoon. Apparently, it is — and it even has a name! According to Business Insider , the afternoon slump is nothing more than a sign that your internal clock is working properly. But most of us still have work to do around this time.
This might give us a way to fight the fatigue and stay productive! To start fighting the afternoon slump, you need to know what might be causing it. Luckily, sleep. Do you even experience it? What techniques have worked for you? Get free HR insights, expert tips and exclusive interviews, and start making more impact at work. What would you do with the unrestricted freedom to work from anywhere?
What is the afternoon slump, and how can you fight it?
Body Language is a significant aspect of modern communications and relationships. Therefore, it is very relevant to management or leadership and to all aspects of work and business where communications can be seen and physically observed among people. Body language is also very relevant to relationships outside of work, for example in dating and in families and parenting.
In terms of observable body language, non-verbal non-spoken signals are being exchanged whether these signals are accompanied by spoken words or not. The study of body language is also known as kinesics pronounced ‘kineesicks’ , which is derived from the Greek word kinesis, meaning motion. US and UK-English spellings, e.
You should know this after a max of four dates! It’s really not a lot to ask. 3. Sponsored: The best dating/relationships advice on the web. Check out Relationship.
Whether you’ve just met your man or are in a long term relationship, this body language guide deciphers the meanings behind his actions. Whether it’s you, your best friend, or the keg in the corner, whatever a boy aims his upper body at is the most meaningful thing in the room to him. So if one night, a tasty man-morsel approaches your posse, you and your friends won’t need to fight for the fella’s affections; study his body language and you’ll already know who he’s after.
There’s a good chance this guy just wants a no-strings fling. When a man sees someone he’s into, he’ll automatically lift and lower his eyebrows, wrinkling his forehead in the process. But you’ll have to keep your eyes peeled to catch a glimpse of this telltale signal. Anthropologists call it the eyebrow flash because it’s usually lightning-quick. If he touches his belt, hangs his thumb off a front pocket, or even scratches himself down there, you may need to hose him down — he’s subconsciously trying to draw your attention to his, ahem, assets.
Although you may think he’s smitten, he could be playing you. Holding intense eye contact for more than five seconds doesn’t happen naturally, so he may be using the look as a seduction technique to get you into bed. This means he’s feeling a little unsure of himself. So if a boy at the bar is striking this pose, he’s digging you but needs reassurance that the interest is mutual.
The itch — what is it?
Ups and downs are par for the course in any long-term relationship. Indeed, the median length of marriages that end in divorce has long hovered around seven years , according to U. But, overall, relationship experts are divided on whether this phenomenon is real. We reached out to experts who gave us their advice on how to reignite the spark in your marriage right now. If you feel your relationship is stagnant or boring, look around at your life as a whole.
Is your relationship stagnant, or is your life stagnant?
Define Slump Sale. means the transfer of one or more undertakings as a result Undertaking as on the Slump Sale Appointed Date deemed to be transferred to.
It’s common knowledge that all relationships have their ups and downs. No matter how much you love your partner, there may be times when some of their previously adorable quirks become inexplicably irritating, you start bickering more often about silly things, and your sex life is seriously lacking in excitement. But are love slumps normal in long-term relationships? And how can you tell if the slump is something that your relationship can survive and ultimately conquer?
According to the Merriam-Webster dictionary, there are several definitions for the word slump , which include “a downward slide,” and “to fall or sink suddenly. Sarah Schewitz , licensed clinical psychologist and couple’s therapist. Sound familiar? Then this should be reassuring: Experts agree that an occasional slump is almost an inevitability when two people are dating for an extended period of time.
Gary Brown. Phew, right? Not only that, but Dr. Brown insists that a slump can actually be good for your relationship in the long run. Shocking, I know.
All you need to know about Slump Sale
Choose your reason below and click on the Report button. This will alert our moderators to take action. Nifty 11, Vodafone Idea Market Watch.
Slump sale is a commonly used method of business acquisition wherein Tax Act, [See End Note 1] (“IT Act”) has been defined to constitute the and approvals, the transfer of business takes place on the Closing Date.
To save this word, you’ll need to log in. Send us feedback. See more words from the same year From the Editors at Merriam-Webster. Accessed 30 Aug. Keep scrolling for more More Definitions for double date double date. Please tell us where you read or heard it including the quote, if possible.
8 signs you’re in a strong relationship — even if it doesn’t feel like it
It is performed by South Korean boyband Stray Kids. This page compiles the lyric translations for this opening. The lyrics for each language version are different.
ready to accept tourists next week but Ardern says no dates have been set. and Cook Islands work on ‘travel bridge’ to beat tourism slump.
This article is a discussion about the various aspects related to a slump sale. Tata Chemical Limited acquired the businesses of precipitated silica from Allied Silica Limited for consideration of INR Cr in order to enhance their focus on speciality chemical business, again, through slump sale. Slump sale has become an effective strategy to undertake such transfers.
Slump sale is considered to be one of the most preferred ways of carrying out a deal due to various tax and stamp duty implications that are associated with it. Slump sale is simply defined as a sale where no particular value is given to the assets and liabilities of a business. It is known as a going-concern transfer or an as-is transfer. Slump sale is the transfer of a business undertaking or some division of a company or entity to another entity as a going concern basis on an as-is-where-is basis for a lump sum amount as consideration.
A going concern basis basically means that an entity will remain in business in the near future. The slump sale is an effective strategy due to the following reasons
Body Language Decoder
Explanation 2 to section 2 42C clarifies that the determination of the value of an asset or liability for the payment of stamp duty, registration fees, similar taxes, etc. Thus, if the value is assigned for stamp duty purposes, then also the transaction would still qualify as slump sale under section 2 42C.
Section 50B of the Income-tax Act, provides the mechanism for computation of capital gains arising on slump sale. On a plain reading of the section, some basic points which arise are:. Capital gains arising on transfer of an undertaking are deemed to be long-term capital gains.
Meaning. of. slump. sale. [Section. 2(42C)]. “Slump sale” means the transfer of one date of its transfer shall be deemed to be the capital gains arising from the.
Published 2 years ago – Staff Writer 3 David Pepin. Earlier this month, one of the best up and coming pop artists out there released his sophomore album. In fact, it is easily my favorite album of so far. The album features a variety of fun pop songs and some charmingly simple love songs that blend together in such a way that gives the album a constant up and down motion in tempo. In the following list are some of my impressions of each song off of this absolute toaster of an album.
The perfect opening track to this album. This slow-tempo song is full of drama that makes you not just want, but need to hear the rest of the album. This song, produced by Quinn himself, perfectly uses a feature by Elohim, using her voice to welcome his listeners to his best project to date. This song featuring Jon Bellion was originally released as a single only a week before the album dropped. The vibe of this track is incredible. Quinn slows it down again for this folk-influenced love song.
The song is just beautiful as he pours his heart out to make an incredible combination of poetic lyrics and a captivating sound. Accompanied by an elegant music video, the song demands that you take a moment to recognize its true charm. Just as fast as Quinn can slow it down, he can speed it back up.
Feelings of undying love might fade a little. You might start to get antsy or take your partner for granted. Compliments become few and far between.
Go on a ‘first’ date. Take a nostalgia trip to somewhere you travelled to together in the early days. Discover a new, shared interest or hobby. Take time away from.
He is of Jamaican descent. He has said that his parents often played Jamaican music around the house. Goulbourne’s father—a rapper who used the stage name “Sin City”—would often force his son to focus on writing his own rap music. Elliott responded positively to Goulbourne’s rendition, writing, “Oh he rode the heck out of this Fiyahthis my She’s a Bit[c]h beat! Following the success of Stokeley , Goulbourne only released one single in , “Carbonated Water”.
Simultaneously, he announced that his second album would release later that year. Goulbourne has said that his musical production has been most influenced by Busta Rhymes,  Missy Elliot , Chief Keef ,  and Timbaland. Goulbourne has also stated he does not have any main musical influences, “I listen to every genre: rap, rock, classical, heavy metal I listen to Adele sometimes too”. As of June , Golbourne lives in Atlanta, Georgia. Goulbourne was close friends with XXXTentacion before they both started rapping.