VATSALA SHENOY vs. JT.COMMISSIONER OF INCOME TAX
C.A. No.-001234-001234 - 2012Supreme Court18 Oct 2016
Section 260Section 583(4)(a)
42)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
