Slump sale

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..... re undertaking, * by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities in such transfer. Explanation 1. - For the purposes of this claus .....

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..... ities ; Explanation 3. - For the purposes of this clause, "transfer" shall have the meaning assigned to it in clause (47);
Manuals, Ready reckoner, Law and practice, Reference Guide, Quick Comment .....

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