COMMNR. OF INCOME TAX, AHMEDABAD vs EQUINOX SOLUTION PVT. LTD.

The Supreme Court upheld the High Court's dismissal of the Revenue's appeal under Section 260-A of the Income Tax Act, 1961, confirming that the case did not involve any substantial question of law. The Court reiterated that the sale of the entire running business constituted a 'slump sale' under Section 48(2) and not a short-term capital gain under Section 50(2). The ruling affirmed the lower authorities' decisions allowing the assessee's claim for deduction as a long-term capital gain.