Question

slump sales means in taxation?​

Answer 1

Answer:

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.

@Bblegend

Answer 2

Answer:

Slump sales means the transfer of one or more undeetakings as a result of the sale for a lump sum consideration withoit values being assigned to the individual assests and liabilities in such sales

As per section 2(42C) of income tax act 1961.

Hope it helps