VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX

C defines 'slump sale' and reads as under: “ “slump sale” means 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. Explanation 1. – For the purposes of this clause, “undertaking” shall have the meaning assigned to it in Explanation