Slump Sale and Deduction U/s 80IB

CA Mukesh Jain S (Chartered Accountant in Practice)   (692 Points)

04 December 2010  

A co., is going for slump sale of the entire Undertaking. It used to claim deduction u/s 80IB.

Now whether the transferee co., can claim the deduction u/s 80IB ?

 

Sec 80IB specifies only amalgamation or demerger's  as the eligible for deduction