Amalgamation Under Income tax
This query is : Resolved
05 November 2008
Clause C of Para 99.1 say : That the amalgamating company has held continously as on date of amalgamation at least 3/4 of the book value of fixed assets held by it two years prior to date of amalgamation .
What is book value ? Gross block or Net block after Depreciation .
Clause C of Para 99.1 say : That the amalgamating company has held continously as on date of amalgamation at least 3/4 of the book value of fixed assets held by it two years prior to date of amalgamation .
What is book value ? Gross block or Net block after Depreciation .
05 November 2008
All values as per book.
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