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Slump exchange means acquiring a company by making a lump sum consideration in the form of shares and debentures of the acquirer company without assigning individual value to its assets and liabilities.
Slump exchange is one form of business acquisitions and restructuring of a business where the acquiree company’s business operation is continued.
Under the IT Act, 1961, there is no provision for Capital Gain Tax on the acquiree company. It is an emerging tax efficient mode in line with business restructuring and acquisition of a business.
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