Amendment of Clause (42C) to substitute word "sales" with "transfer"

Last updated: 03 February 2022

Definition of the term slump sale 1. Slump sale is defined in clause (42C) of section 2 of the Act, as the transfer of one or more undertaking, by any means, for a lump sum consideration without values being assigned to individual assets and liabilities in such sales. Vide the Finance Act, 2021,
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