Webb10 apr. 2024 · ‘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’. Hence in the present matter all such transfer including the transfer of technical know-how and patent etc. are in pursuance to the slump sale and not by way providing … WebbAs per section 2 (42C) of the Income-tax Act 1961, ‘slump sale’ means the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values …

Slump sale: A comprehensive guide - housing.com

Webb16 mars 2016 · In view of the above facts we are of the view that such sale of few assets of the unit at a predetermined and agreed price and retaining all other assets and all the liabilities by seller unit cannot be treated as slump sale because from definition of slump sale as reproduced above, as there could be no slump sale when prices of individual … Webb27 juli 2024 · Section 2(42C) was also inserted defining the term ‘Slump Sale’ as transfer of one or more undertakings as a result of the sale for a lump-sum consideration without … how does it feel when muscle is torn

Slump Sale to include All Transfers with or without …

Webb18 sep. 2024 · Slump sale also referred as business transfer is where the assessee transfers the entire division for lumpsum consideration without assigning selling price of … Webb23 maj 2024 · Section 50B of the Income Tax Act, 1961 (the Act) is a special provision for the computation of capital gains in case of slump sale of an undertaking for a lump sum consideration without values being assigned to individual assets and liabilities. WebbSlump sale is a transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to each asset and liability which is to … photo of a bumble bee