Under section 2(103) of the Income-tax Act, 2025, the transfer of one or more undertakings, by any…

Section 2(103)(a) of the Income-tax Act, 2025 defines "Slump sale" as the transfer of one or more undertakings, by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities. Under section 2(103)(b)(ii), a valuation made only for paying stamp duty, registration fees or similar taxes is not treated as assigning values to individual assets or liabilities. This corresponds to section 2(42C) of the repealed Income-tax Act, 1961.