Slump sale under Section 50B requires:
ASale of assets at market value (per relevant Section)
BTransfer of undertaking as going concern for lump-sum
CSale of company shares
DAuction sale
Answer & Solution
Correct answer: B. Transfer of undertaking as going concern for lump-sum
1. Section 2(42C) defines 'slump sale' as transfer of one or more undertakings for lump-sum without values assigned to individual assets/liabilities.
2. Section 50B computes gains based on net worth of undertaking.
3. Holding period of undertaking (not assets) determines ST/LT character.
_Source: ICAI BoS CA Final Paper 7, Ch 4 "Capital Gains"_
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