Thursday, April 4, 2019

Reduction in book value of assets due to change in dep. rate has no impact on computation of book profits

IT : When book value of certain assets undergoes reduction as a result of change in rate of deprecation, such reduction is different from diminution in value of assets and, same is not hit by clause (i) of Explanation 1 to section 115JB

from www.taxmann.com Latest Case Laws https://ift.tt/2Vhw1VS
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