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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Nature of transaction - slump sale or transfer of shares - slump ...


Clarification: Share transfers do not qualify as a slump sale u/s 2(42C) of the Income Tax Act.

February 9, 2019

Case Laws     Income Tax     HC

Nature of transaction - slump sale or transfer of shares - slump sale u/s 2(42C) - transfer of shares in a company will not result in a transfer of an undertaking or part of the undertaking to make it a slump sale.

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