Tax rate in slump sale

The Delhi High Court held that a transaction was a genuine “ slump sale ” that qualified for specific tax treatment. In this case, the sale involved a “going concern” that also included ongoing service contracts, employment contracts, and other tangible and intangible assets such as technical know-how. The case is: Triune Projects Private Limited. Read a December 2016 report [PDF 334 KB] of KPMG