Amendment in section 2(42C) in relation to capital gains chargeable on slump sale as provided u/s 50

Slump sale is a normal commercial practice under which an undertaking is sold as a going concern and all the assets and liabilities are transferred to the purchaser without assigning any value to each asset or liability.Slump sale is a normal commercial practice under which an undertaking is sold as a going concern and all the assets and liabilities are transferred to the purchaser without assigning any value to each asset or liability.taxmann.com NewsRead More

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