Photo of Thangadurai V.P

Principal Associate in the Tax Practice at the Delhi office of Cyril Amarchand Mangaldas. Thangadurai VP is an expert in providing advisory and litigation services on various aspects of direct tax laws including corporate tax, international tax and transfer pricing.

He has made representations and had briefed senior counsels in making representations before various judicial fora including ITAT, High Court and Supreme Court of India. He also has expertise in advising various in-bound and out-bound M&A transactions. He has been contributing written articles to various reputed journals and publishers. He has also been part of the committees which organized some of the most reputed taxation moot court competitions in India. He can be reached at thangadurai.vp@cyrilshroff.com

Taxing Times Ahead for Slump Sale Transactions

Slump sale transactions are a preferred method of transferring a business as a going concern. They are often used for internal restructuring purposes and for sale of a whole or part of a business undertaking to a third party. Several global transactions also comprise of a slump sale element to execute the transfer of the Indian business to the buyer’s affiliate in India. In a slump sale, a business undertaking is transferred by one party to another as a going concern for a lumpsum consideration, without attributing specific values to assets and liabilities.
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