Thursday, March 4, 2021

Depreciation on assets acquired under slump sale is to be computed in accordance with 5th proviso to sec. 32

INCOME TAX : Where assessee purchased an undertaking under slump sale, depreciation on WDV of assets taken over by it from transferor company was to be computed as per fifth proviso to section 32(1)

from www.taxmann.com Latest Case Laws https://ift.tt/3qg6knl
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