CS Professional CRVI Practice Questions - CS Professional - Corporate Restructuring, Valuation & Insolvency Exam

A 'slump sale' under Section 2(42C) of the Income-tax Act, 1961 means the transfer of one or more undertakings:

By assigning specific values to individual assets and liabilities As a result of a court-sanctioned demerger only As a going concern for a lump-sum consideration without values being assigned to individual assets and liabilities Only where the consideration is paid wholly in shares

Correct Answer:

As a going concern for a lump-sum consideration without values being assigned to individual assets and liabilities

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