Section 50 (2) of the Income Tax Act would apply to a case where the assessee transfers one or more block of assets, the bench held.The Supreme Court, in Commissioner of Income Tax, Ahmedabad, vs Equinox Solution Pvt Ltd, has held that Section 50 (2) of the Income Tax Act will not apply to a case where the entire running business with assets and liabilities is sold by the assessee in one go,...