Various facets of slump sale

The concept of slump sale was first time inserted by DTL (Second Amendment) Act, 1989 w.e.f. 01-04-1990 but was omitted by Finance Act 1990 w.e.f. same date. The phenomenon of slump sale was a normal commercial practise whereunder transfer of an undertaking as a going concern is carried out, along with all the assets and liabilities for a lump sum consideration without assigning any value to each asset or liability. Since, for computation of capital gains full value of consideration, cost of acqThe concept of slump sale was first time inserted by DTL (Second Amendment) Act, 1989 w.e.f. 01-04-1990 but was omitted by Finance Act 1990 w.e.f. same date. The phenomenon of slump sale was a normal commercial practise whereunder transfer of an undertaking as a going concern is carried out, along with all the assets and liabilities for a lump sum consideration without assigning any value to each asset or liability. Since, for computation of capital gains full value of consideration, cost of acqtaxmann.com Latest ArticlesRead More

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