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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Disallowances of depreciation - increased WDV of assets ...

Case Laws     Income Tax

December 9, 2019

Disallowances of depreciation - increased WDV of assets transferred on amalgamation - The WDV in the hands of the amalgamated company was to be calculated without considering the unabsorbed depreciation of the amalgamating companies, for which set off was never allowed.

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