slump sale

means the transfer of one or more 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 clause, “undertaking” shall have the meaning assigned to it in Explanation 1 to clause (19AA).

Explanation 2.—For the removal of doubts, it is hereby declared that the determination of the value of an asset or liability for the sole purpose of payment of stamp duty, registration fees or other similar taxes or fees shall not be regarded as assignment of values to individual assets or liabilities.

Explanation 3.—For the purposes of this clause, “transfer” shall have the meaning assigned to it in clause (47);