Definition
Business Transfer as a Going Concern – An Indian tax-law mechanism for transferring an entire business undertaking (all its assets and liabilities together) to another entity for a single lump-sum consideration, rather than valuing and transferring each asset individually. Common when a company carves a segment into its own subsidiary, since it preserves the business as an operating whole and is taxed differently from an itemized asset sale, but it's also the standard first legal step before a future stake sale, strategic investment, or spin-off of that segment. Found In: Notes to Financial Statements (subsequent events, corporate restructuring)